REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Drake Cruz

drake@drake4homes.com +1(562) 884-9016

$ 1,725,000

Est. payment | -/mo

6,364 Sqft Lot

Save

$ 1,725,000

Est. payment | -/mo

Save

6,364 Sqft Lot

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Walnut

MLS Listing ID IN26149247

HOA Y/N No

Year Built 1922

Lot Size 6,364 Sqft

Property Sub-Type Mixed Use

Property Description

Great turnkey investment opportunity in a high-demand Long Beach rental market offered at a 5.6% cap rate! 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

Fireplace No

Laundry None

Exterior

Parking Features Gated

Pool None

Community Features Sidewalks, Urban

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7268040019

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Tyson Storr Buckingham Investments, Inc. 4242122321, DRE #02179872

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 884-9016

drake@drake4homes.com

6621 E Pacific Coast Hwy #150, Long Beach, CA 90803, USA

1323 Walnut Ave Long Beach, CA 90813

Drake Cruz

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

1323 Walnut Ave