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1922 Locust Ave
Long Beach, CA 90806 Wrigley

$1,700,000 USD

Apartments For Sale • 4,732 SF

Property Details

Property Type Apartments
Total Building Size 4,732 SF
Lot Size 0.11 AC
Building Class C
Year Built 1946
Cap Rate 7.04 %
Zoning PD29, Long Beach

64 Transit Score

85 Walk Score

                
                    Highlights
                
                                Current 7.04% Cap Rate and 9.81 GRM
                            
                                Priced at only $212k/Unit
                            
                                5 units remodeled; three units are vacant and rent-ready

Property Flyers

OM - 1922 Locust Ave, LB - RYAN VERSFELT

Financial Summary (Actual)

Net Operating Income: $116,157 USD (2024)

Cap Rate:	7.04 %
Total Expenses:	$48,281 USD

Amenities

24 Hour Access
Air Conditioning
Kitchen
Sprinkler System
Tub/Shower
Public Transportation
Walk-Up
Smoke Detector

Public Transportation

Transit/Subway	Drive	Walk	Distance
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	6 min	0.3 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	16 min	0.8 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	9 min	-	3.8 mi
Los Angeles International	30 min	-	20.2 mi
John Wayne/Orange County	32 min	-	22.9 mi

Ryan Versfelt 310-748-1445 Lyon Stahl Investment Real Estate

1922 Locust Ave Long Beach, CA 90806 Wrigley