$2,580,000
-$50,0001885 Locust, Long Beach CA 90806
Multi-Family (13 Units)
Property type
73 days
On market
$312
Price per sqft
0 cars
Garage
1952
Year built
6,753 sqft
Lot size
Open Houses
Overview
Excellent opportunity to acquire a 13-unit apartment complex in a strong rental pocket of Long Beach, just north of Downtown in the South Wrigley neighborhood. The property offers convenient access to the Metro A Line and major freeways (710, 405, 91), providing tenants with strong regional connectivity. Built in 1952, the asset features an attractive unit mix of ten (10)...
Listing provided by: Christopher Van Vuuren DRE #02060007 424-220-8960, Lyon Stahl Investment Real Estate, Inc., Cris Molles DRE #01345419, The Realestate Group
Listing updated: May 20, 2026 at 05:57pm.
Last checked: Jun 3, 2026 at 07:01pm
Source: CRMLS #SB26063418
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 10 | 1 | 1 | — | $1,598 | $15,983 | $16,950 | Unfurnished |
| 2 | 2 | 1 | — | $1,928 | $3,855 | $4,100 | Unfurnished |
| 1 | 2 | 2 | — | $1,855 | $1,855 | $2,195 | Unfurnished |
# of Buildings: 1
# of Units Total: 13
Separate Electric Meters: 13
Separate Gas Meters: 13
Separate Water Meters: 1
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
9.8x
List Price / Annual Gross Rent
Cap Rate
6.48%
NOI / List Price
Gross Scheduled Income: $262,056
Vacancy Allowance: $7,809
Operating Expense: $87,088
Net Operating Income: $167,158
Annual Operating Expenses
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Common Walls: No Common Walls
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7209017035
Additional Parcels: No
Tax Lot: 28
Subdivision: Wrigley Area (WR)
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 1885 Locust, Long Beach, CA 90806. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,064,000
Total Interest
$2,632,518
Total Payment
$4,696,518
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$15,883
per month
Property History for 1885 Locust
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90806.
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