1323 Walnut Ave, Long Beach, CA — listing photo 1
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FOR SALENew Listing

1323 Walnut Ave

Long Beach, CA 90813
6,362 Lot Sq Ft
Built 1922
$1,599,000
Price ReducedWas $1,725,000 — $1,599,000 (-$126,000)

Property Overview

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.

Home Details

Property type
Residential Income - Mixed Use
Year built
1922
Lot size
6,362 sq ft
Parking
8 spaces
Stories
2
Days on market
21
MLS status
Active

Features & Amenities

Parking

  • Gated

Pool

  • None

Lot

  • Zero To One Unit Acre

Community, Schools & Utilities

Community

Subdivision
Walnut

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

1323 Walnut Ave

Long Beach, CA 90813

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Frequently Asked Questions About 1323 Walnut Ave

Property type: Residential Income

The current asking price is $1,599,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1323 Walnut Ave. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1922. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.
The MLS currently reports the property as Active. It has been listed for 21 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Tyson Storr
MLS ID: INSTORTYS

Available property

$1,599,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.