USACALong BeachWrigley Area (Wr)1922 Locust Ave
1922 Locust Ave, Condo with 0 bedrooms, 0 bathrooms and null parking in Long Beach CA | Image 1
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$1,700,000

1922 Locust Ave, Long Beach, CA

Condo

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 84
Approx. Age 1946
MLS® Number SB25107697

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

7.32% Cap Rate and a 9.52 GRM, 1922 Locust Ave, is an 8-unit apartment building located in the South Wrigley submarket of Long Beach. 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. No local rent control - subject to AB-1482 CA Statewide rent control, which allows 5%+CPI rental increases.Show Description
MLS® NumberSB25107697
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelSee Remarks
Exposure
Exterior
GarageNo
Approx. Age1946
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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