1323 Walnut AveLong Beach, CA 90813

Description

PRICE IMPROVEMENT - NOW OFFERED AT A 10.4 GRM AND 6.1 CAP RATE ON ACTUALS. Great turnkey investment opportunity in a high-demand Long Beach rental market. This fully stabilized 6-unit multifamily asset features a strong mix of four 1-bed and two 2-bed units, all completely updated within the past year and performing at maximum market rents. Perfect for investors seeking immediate cash flow with minimal deferred maintenance. Completely updated electrical system rewired within the past year, reducing future CapEx risk. The property features a gated rear parking lot offering 8 dedicated spots and a 1:1 tenant-to-parking ratio. Easy freeway access just minutes from the 710, 405, and 605 freeways, the A Line Metro, and major employment hubs. Steps to the vibrant Anaheim Corridor and Cambodia Town dining, and blocks from the beach, walking paths, and ocean views.

Property Information

Property type

Residential Income

Sub-type

Mixed Use

Year built

1922

Stories

2

Building area

3,888 Sq Ft

Lot size

0.15 acres

Parking spaces

8

Days on market

78

MLS^® Listing#

IN26149247

Property Features

Pool

None

Parking

Gated

Laundry

None

Community

Sidewalks

Sewer

Public Sewer

Water source

Public

Parcel number

7268040019

Directions

Cross Streets: Anaheim