1922 Locust, Long Beach, CA 90806
Bedrooms: 0
Bathrooms: 0
Area: 0 SqFt.
We are proud to present 1922 Locust Avenue, 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. One unit is currently vacant and rent-ready, offering the perfect opportunity for an owner-user or investor to quickly add value. This asset is currently operating at a 7.04% Cap Rate and a 9.81 GRM. 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.
CA DRE #01870580
6965 El Camino Real 105-690, Carlsbad CA 92009
877.692.8427
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