1323 Walnut Ave, Long Beach, CA 90813

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1323 Walnut Ave,Long Beach, CA 90813
$1,599,000
  • - Beds
  • - Baths
  • 3,888 sq. ft.
  • Multi-family
  • Active
Listed by: tyson storr
Office: buckingham investments, inc.562-624-4400
MLS#:IN26149247
Source:CRMLS

Price summary

  • Price:$1,599,000
  • Price per sq. ft.:$411.27

About this home

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.

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Home facts

  • Year built:1922
  • Subdivision & Development:Walnut
  • Listing ID #:IN26149247
  • Added:47 day(s) ago
  • Updated:August 26, 2026 at 10:39 AM

Rooms and interior

  • Living area:3,888 sq. ft.

Structure and exterior

  • Year built:1922
  • Building area:3,888 sq. ft.
  • Lot area:0.15 Acres
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,599,000
  • Price per sq. ft.:$411.27

Parking

  • Total parking spaces:8
  • Parking description:Gated
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