$1,700,000
1922 Locust, Long Beach CA 90806
Multi-Family (8 Units)
Property type
23 days
On market
$359
Price per sqft
0 cars
Garage
1946
Year built
4,500 sqft
Lot size
Open Houses
Overview
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)...
Listing provided by: Cameron Samimi DRE #02035763, Lyon Stahl Investment Real Estate, Inc.
Listing updated: May 19, 2026 at 07:38am.
Last checked: Jun 5, 2026 at 10:30am
Source: CRMLS #SB26104278
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,595 | $1,595 | $2,006 | — |
| 1 | 1 | 1 | — | $1,590 | $1,590 | $2,006 | — |
| 1 | 1 | 1 | — | $0 | $2,006 | $2,006 | — |
| 1 | 1 | 1 | — | $2,006 | $2,006 | $2,006 | — |
| 1 | 1 | 1 | — | $1,550 | $1,550 | $2,006 | — |
| 1 | 1 | 1 | — | $0 | $2,006 | $2,006 | — |
| 1 | 1 | 1 | — | $0 | $2,006 | $2,006 | — |
| 1 | 1 | 1 | — | $0 | $2,006 | $2,006 | — |
# of Buildings: 1
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: No
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
9.6x
List Price / Annual Gross Rent
Cap Rate
7.25%
NOI / List Price
Gross Scheduled Income: $177,180
Operating Expense: $48,664
Net Operating Income: $123,201
Annual Operating Expenses
Electric: $0
Gardener: $1,440
Fuel: $0
Insurance: $5,915
Maintenance: $4,800
New Taxes: $21,250
Professional Management: $8,859
Trash: $0
Water / Sewer: $6,400
Interior
Laundry: None
Entry Location: Side
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: None
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7209014024
Additional Parcels: No
Tax Lot: 19
Tax Block: C
Community
Senior Community: No
Community Features: Sidewalks, Urban
Nearby Schools
Nearby schools around the 1922 Locust, Long Beach, CA 90806. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,360,000
Total Interest
$1,734,605
Total Payment
$3,094,605
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,517
per month
Property History for 1922 Locust
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90806.
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