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Listed by Tyson Storr, DRE #02179872 • Buckingham Investments, Inc.
$ 1,599,000
Est. payment /mo
Price Dropped by $126K
1323 Walnut Ave Long Beach, CA 90813
6,362 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRIN26149247
Year Built 1922
Lot Size 6,362 Sqft
Source California Regional MLS
Property 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.
Location
State CA
County Los Angeles
Area 9 - Poly High
Interior
Laundry None
Exterior
Parking Features Gate / Door Opener
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 7268040019
Special Listing Condition Not Applicable
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