1885 Locust Ave

Long Beach, CA 90806

$2,630,000
Price
5
Beds
—
Baths
8,264 Sq. Ft.
$318 / Sq. Ft.
8,264
Sq. Ft.
$318
per Sq. Ft.
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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,...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.
  1. Listed by Christopher Van Vuuren • DRE #02060007 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 714-655-0098
  2. Listed by Cris Molles • DRE #01345419 • Brokerage DRE #01297191 • The Realestate Group

Property Details for 1885 Locust Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
13.0
Building Type
Detached
Lot Size Source
Other
Living Area
8264
Assessor Parcel Number
7209-017-035
Property Attached YN
false
LISTING UPDATED: 03/24/2026 12:53 PM

Property Details for 1885 Locust Avenue

StatusActive
MLS #SB26063418
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1952
CountyLos Angeles County
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Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren, DRE #02060007; The Realestate Group, Cris Molles, DRE #01345419
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Building Information for 1885 Locust Avenue

Building/Complex1885 Locust AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1952Building Size-

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OriginPoint Mortgage or Rocket Mortgage1

$14,735 per month

30 year fixed, 6.11% Interest

Principal and Interest

$12,764

Property Taxes

$1,971

HOA Dues

$0

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Property Information for 1885 Locust Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $263,376
  • Gross Scheduled Income: $263,376
  • Vacancy Allowance: 7849
  • Gross Operating Income: $255,527
  • Net Operating Income: $161,160
Expense Details
  • Operating Expense: $94,367
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $94,367
Tax / Assessment Info
  • Tax Tract Number: 1
  • CFD/Mello-Roos Fee: $2,564
  • Tax Lot: 28
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Sidewalks
  • Community: Wrigley Area (WR)
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 13
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Wrigley Area
  • Builders Tract Code: Wrigley Area (WR)
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,609
  • Unit Type Total Rent: $16,093
  • Unit Type Pro Forma: 16950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,928
  • Unit Type Total Rent: $3,855
  • Unit Type Pro Forma: 4100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,855
  • Unit Type Total Rent: $1,855
  • Unit Type Pro Forma: 2195
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1

Property History for 1885 Locust Avenue

DateEvent & SourcePriceAppreciation
Mar 24, 2026

Listed (Active)

CRMLS #SB26063418

$2,630,000—
Mar 24, 2026

Listed (Active)

SDMLS #SB26063418

$2,630,000—
Mar 24, 2026

Listed (Active)

CLAW #SB26063418MR

$2,630,000—
Oct 18, 2023

Withdrawn / Cancelled

CRMLS #SB23059434

$3,185,000—
Oct 18, 2023

Withdrawn / Cancelled

CLAW #SB23059434MR

—
Oct 18, 2023

Withdrawn / Cancelled

SDMLS #SB23059434

—
Jun 15, 2023

Price Change

CLAW #SB23059434MR

$3,185,000—
May 30, 2023

Listed (Active)

SDMLS #SB23059434

$3,350,000—
May 30, 2023

Listed (Active)

CRMLS #SB23059434

$3,350,000—
May 29, 2023

Listed (Active)

CLAW #SB23059434MR

$3,350,000—
Oct 20, 2005

Sold (Public Record)

Public Record #166540837

$1,200,000

+5.7% / yr

Sep 10, 2005

Sold

CRMLS #CC232926

$1,200,000—
Aug 4, 2005

Sold

CLAW #S403697MR

$1,200,000—
Aug 4, 2005

Sold

CRMLS #S403697

$1,200,000—
Aug 4, 2005

Pending

CLAW #S403697MR

—
Aug 4, 2005

Pending

CRMLS #S403697

—
Jul 11, 2005

Listed (Active)

CLAW #S403697MR

$1,250,000—
Jul 11, 2005

Listed (Active)

CRMLS #CC232926

$1,250,000—
Jul 11, 2005

Listed (Active)

CRMLS #S403697

$1,250,000—
May 10, 1990

Sold (Public Record)

Public Record #60678530

$510,000—
DateEvent & SourcePrice
03/24/2026

Listed (Active)

CRMLS #SB26063418

$2,630,000
03/24/2026

Listed (Active)

SDMLS #SB26063418

$2,630,000
03/24/2026

Listed (Active)

CLAW #SB26063418MR

$2,630,000
10/18/2023

Withdrawn / Cancelled

CRMLS #SB23059434

$3,185,000
10/18/2023

Withdrawn / Cancelled

CLAW #SB23059434MR

—
10/18/2023

Withdrawn / Cancelled

SDMLS #SB23059434

—
06/15/2023

Price Change

CLAW #SB23059434MR

$3,185,000
05/30/2023

Listed (Active)

SDMLS #SB23059434

$3,350,000
05/30/2023

Listed (Active)

CRMLS #SB23059434

$3,350,000
05/29/2023

Listed (Active)

CLAW #SB23059434MR

$3,350,000
10/20/2005

Sold (Public Record)

Public Record #166540837

$1,200,000

+5.7% / yr

09/10/2005

Sold

CRMLS #CC232926

$1,200,000
08/04/2005

Sold

CLAW #S403697MR

$1,200,000
08/04/2005

Sold

CRMLS #S403697

$1,200,000
08/04/2005

Pending

CLAW #S403697MR

—
08/04/2005

Pending

CRMLS #S403697

—
07/11/2005

Listed (Active)

CLAW #S403697MR

$1,250,000
07/11/2005

Listed (Active)

CRMLS #CC232926

$1,250,000
07/11/2005

Listed (Active)

CRMLS #S403697

$1,250,000
05/10/1990

Sold (Public Record)

Public Record #60678530

$510,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1885 Locust Avenue

Taxable ValueLand$684,500Additions$976,727Total$1,661,227
Tax Record2025$23,646 ($1,971 / month)
Home Facts
Total Finished SqFt8,264 SqFtAbove Grade Finished SqFt8,264 SqFtLot Size6,753 SqFtStyleMulti-Family Res (5+ Units)Year Built1952ZoningLBR4RCountyLOS ANGELESAPN7209-017-035

Schools near 1885 Locust Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Robinson Academy
Public - K to 8
Polytechnic High School
Public - 9 to 12
Educational Partnership High School
Public - 9 to 12
Clear Passage Educational Center
Charter - 9 to 12
Rating
School
Distance
Robinson Academy
PublicK to 8

Polytechnic High School
Public9 to 12

Educational Partnership High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1885 Locust Avenue, Long Beach, CA 90806

1885 Locust Avenue is a multi-family home for sale in Long Beach, CA 90806. This property was listed for sale on March 24, 2026 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,630,000. It has been on the market for a total of 4 days and was last sold on October 20, 2005. This listing's school district is Long Beach Unified School District. Nearby schools include Robinson Academy, Polytechnic High School and Educational Partnership High School. 1885 Locust Avenue is a 5-bed, 0-bath, 8,264 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren, DRE #02060007; The Realestate Group, Cris Molles, DRE #01345419

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.