1 day on Rocket
$10,000 Closing Credit¹
#PW25135860, Robert Stepp, Listing office: Keller Williams Realty Downey
#SB25107697·
Listing office: Lyon Stahl Investment Real Estate, Inc.·
Listing agent: Ryan Versfelt·
Listing office phone: 310-748-1445
$1,700,000 List price
1922 Locust Ave Long Beach, CA 90806
$10,000
Closing credit¹
0.1 acres
Condo
Property details
About 1922 Locust Ave
7.32% Cap Rate and a 9.52 GRM, 1922 Locust Ave, is 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. Three units are currently vacant and rent-ready, offering the perfect opportunity for an owner-user or investor to quickly add value. 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. No local rent control - subject to AB-1482 CA Statewide rent control, which allows 5%+CPI rental increases.
Highlights
Home typeCondominium
StatusActive
Lot size0.1033 Acres
Year built1946
MLS #SB25107697
Summary
- Private Pool: No
- List Price: $1,700,000
- Annual Tax Amount: $12,704
- Tax Year: 2024
- Directions: Off of Pacific Coast Highway and Long Beach Blvd
- Year Built: 1946
- Stories: 2
- Lot Size: 0.1033 Acres
- MLS Number: SB25107697
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 748-1445
- Listing Agent: Ryan Versfelt
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/19/2025, 6:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,700,000
1922 Locust Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 17, 2024 | Home Sold | $1,250,000 |
| Dec 09, 2003 | Home Sold | $650,000 |
| Jul 09, 2003 | Home Sold | $500,000 |
| Nov 12, 1999 | Home Sold | $310,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $906,928 | $12,704 |
| 2023 | $889,164 | $12,477 |
| 2022 | $871,748 | $11,731 |
| 2021 | $854,673 | $11,465 |
| 2020 | $845,019 | $11,301 |
| 2019 | $828,451 | $10,982 |
| 2018 | $812,207 | $10,865 |
| 2017 | $796,282 | $10,865 |
History based on county public records data.
Nearby schools
4
Smith Elementary School
Public District KG-5
0.5 mi
•565 E Hill St
6
Roosevelt Elementary School
Public District KG-5
0.5 mi
•1574 Linden Ave
5
Lafayette Elementary School
Public District KG-5
0.7 mi
•2445 Chestnut Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,658. The most common annual income of people living in Long Beach, CA is less than $<35k. Residents typically live in single, with kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
65%
<35k
35%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
24%
Single, No Kids
32%
Single, with Kids
12%
Married, No Kids
32%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
25%
<11 yrs old
12%
12-17 yrs old
30%
18-34 yrs old
30%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
H&M
Foot Locker
Where do the neighbors go to eat?
Jack In The Box
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1922 Locust Ave
The listing price of 1922 Locust Ave property is $1,700,000.
The property 1922 Locust Ave is a condo located in Long Beach, California, 90806.
Active Listing: 1922 Locust Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1922 Locust Ave are: Smith Elementary School (GreatSchools Rating 4/10), Roosevelt Elementary School (GreatSchools Rating 6/10), Lafayette Elementary School (GreatSchools Rating 5/10), Washington Middle School (GreatSchools Rating 3/10), Robinson K - 8 Academy (GreatSchools Rating 4/10), Jessie E. Nelson Academy (GreatSchools Rating 4/10), Intellectual Virtues Academy (GreatSchools Rating 5/10), Educational Partnership High School (GreatSchools Rating 2/10), Polytechnic High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $12,704 (source: MLS/based on county public records data).
The last sale was on September 17, 2024 for $1,250,000 (source: MLS/tax record).
The property at 1922 Locust Ave has 0 bathroom.
The year of construction for 1922 Locust Ave is 1946.
This home is located at 1922 Locust Ave in Long Beach, CA and zip code 90806 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 14, 2025 and is currently priced at $1,700,000.
While more than 67 listings in Long Beach, CA in May 2025 were sold above asking price, there were more than 34 listings sold at asking price, and more than 61 were sold below. The inventory of homes for sale in Long Beach, CA between April and May 2025 increased by 2.4%. In May 2025, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $830,000.
From Rocket Homes Real Estate and based on county public records data.