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1885 Locust, Long Beach, CA 90806

Long Beach
Local realty services provided by:CENTURY 21 Valley Properties
1885 Locust,Long Beach, CA 90806
$2,580,000
  • - Beds
  • - Baths
  • 8,264 sq. ft.
  • Multi-family
  • Active
Listed by: christopher van vuuren, cris molles
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:SB26063418
Source:CRMLS

Price summary

  • Price:$2,580,000
  • Price per sq. ft.:$312.2

About this home

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 investors 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...

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Home facts

  • Year built:1952
  • Listing ID #:SB26063418
  • Added:48 day(s) ago
  • Updated:May 12, 2026 at 10:36 AM

Rooms and interior

  • Living area:8,264 sq. ft.

Structure and exterior

  • Year built:1952
  • Building area:8,264 sq. ft.
  • Lot area:0.16 Acres
  • Lot Features:Rectangular Lot
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,580,000
  • Price per sq. ft.:$312.2
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