1323 Walnut AveLong Beach, CA 90813
Walnut · Los Angeles County
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
- 76
- 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
Listing Courtesy: Buckingham Investments, Inc. - 4242122321
Presented by: Tyson Storr
Licensed in the state of California.
Long Beach Market Statistics
How this home compares to 820 active listings in Long Beach, CA
| Long Beach median | This listing | |
|---|---|---|
| Median listing price | $880,672 | $1,599,000 |
| Median days on market | 58 | 76 |
| Median Sq Ft | 1,407 | 3,888 |
| Median price / Sq Ft | $581 | $411 |
Market statistics compiled from active EXIT Realty® and MLS listings in Long Beach, CA.
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Comparable nearby listings and their asking prices.
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