Active

1885 Locust

Long Beach, CA 90806
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Bed 0

Bed

Bath 0

Bath

SqFt8,264

Sqft

SqFt6,753

Sqft(Lot)

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) 1-bedroom/1-bath units, two (2) 2-bedroom/1-bath units, and one (1) 2-bedroom/2-bath townhouse-style unit. The property is gated, separately metered for gas and electricity, and includes on-site laundry for additional income. Recent improvements include exterior paint, upgraded electrical panel, new water heater, and completed SB 721 compliance, helping reduce near-term capital expenditure. Subject to AB 1482, offering in vestors a more predictable and flexible operating environment compared to stricter municipalities. Ideal for investors seeking stable cash flow with upside potential through rental increases and operational efficiencies. Strong fit for local buyers and 1031 exchange investors targeting a well-located Long Beach asset.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,580,000

AD Id : 76365859

MLS Id : SB26063418

Lot Size : 6,753 Sqft

Living Area Size : 8,264

Year Built : 1952

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1952 Building Area Total: 8,264
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.155
  • Lot Size Source: Other Lot Size Square Feet: 6753

  • Listing Price Information

    Original List Price: 2,580,000 Listing Contract Date: 2026-03-24
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7209017035

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 5 - Wrigley Area Directions: N of PCH, W of Long Beach blvd Source Property Type: Residential Income Area: 5 - Wrigley Area Property SubType: Apartment
  • Building and Construction

    Property Age: 74 Common Walls: No Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
910 E 19th Street, Long Beach, CA, 90806 $754,000 4 3 1,492 1,492 SqFt
2337 Long Beach, Long Beach, CA, 90806 $1,325,000 -- -- 4,330 4,330 SqFt
2320 Locust, Long Beach, CA, 90806 $499,000 2 1 680 680 SqFt
201 E Eagle Street, Long Beach, CA, 90806 $879,000 5 -- 1,914 1,914 SqFt
1950 Magnolia Avenue, Long Beach, CA, 90806 $965,000 6 -- 2,016 2,016 SqFt
2430 San Francisco Avenue, Long Beach, CA, 90806 $819,000 3 2 1,450 1,450 SqFt
1860 San Francisco Aven.., Long Beach, CA, 90806 $550,000 3 3 1,508 1,508 SqFt

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ByOwner last updated this listing 06/11/2026 @ 19:02

MLS: SB26063418 LISTED BY: Christopher Van Vuuren, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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