1922 Locust, Long Beach, CA 90806

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About this home

We are proud to present 1922 Locust Avenue, an 8-unit apartment building located in the South Wrigley submarket of Long Beach. This asset is currently operating at a 7.25% Cap Rate and a 9.59 GRM! Priced at just $212k/unit, this investment offers a compelling mix of immediate cash flow and long-term upside in a rapidly developing market. The property is comprised of (8) 1-Bed/1-Bath units, with five recently remodeled. Three units are currently vacant and rent-ready, offering the perfect opportunity for an owner-user or investor to quickly add value. Situated just outside the booming Downtown Long Beach core, 1922 Locust Ave is primed to benefit from over $6 Billion in local investment, including transformational projects like the Long Beach Civic Center, Queen Mary Island, CSULB Downtown Village, Broadway Block, and the Ocean Aire Development.

Type

Apartment

Year built

1946

Lot

4,500 sq ft

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$10,721/mo

Principal & interest$8,596
Property tax (est.)$1,629
Home insurance (est.)$496

Down payment: 20% ($340,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.. MLS# SB26104278. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:00 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.