1885 Locust, Long Beach, CA 90806
1885 Locust, Long Beach, CA 90806
1885 Locust, Long Beach, CA 90806
1885 Locust, Long Beach, CA 90806
1885 Locust, Long Beach, CA 90806
1885 Locust, Long Beach, CA 90806
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Juan Ponce

Juan Ponce

+1(626) 235-1591
$ 2,580,000
Est. payment | /mo

6,751 Sqft Lot

Save
$ 2,580,000
Est. payment | /mo
Save

6,751 Sqft Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID SB26063418

HOA Y/N No

Year Built 1952

Lot Size 6,751 Sqft

Property Sub-Type Apartment

Property Description

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 operational efficiencies. Strong fit for local buyers and 1031 exchange investors targeting a well-located Long Beach asset.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7209017035

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Christopher Van Vuuren Lyon Stahl Investment Real Estate, Inc. 714-655-0098, DRE #02060007

Nearby Locations

Juan Ponce

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(626) 235-1591

jp.ponce@exprealty.com

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1885 Locust