1111 Walnut, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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1111 Walnut
Long Beach, California 90813
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,064Sq Ft
5,107Lot Size
Property Price
LIST PRICE$890,000
EST. MARKET VALUE
$878,324
SUMMARY
This triplex presents a High-Potential Investment Opportunity with a List Price of $890,000—positioned slightly above the $876,439 Fair Market Value. While not a discount play, the property offers a stable Condition Rating of 4, bolstered by a new 2025 roof and three dedicated on-site parking spaces. The versatile unit mix of one 2-bedroom and two 1-bedroom units ensures consistent rental demand. Located near Lincoln Elementary, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs through reliable rental income.
Estimated Market Value
$878,324
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 Walnut Subject | $890,000* List Price | 0 | 0 | 2,064 | $426 | - |
A 1107 Mahanna Sold | $720,000 | 0 | 0 | 1,695 | $425 | 0.2 mi |
B 1105 Cherry Ave Sold | $880,000 | 0 | 0 | 2,059 | $427 | 0.3 mi |
C 411 E 8th Sold | $800,000 | 0 | 0 | 1,768 | $452 | 0.9 mi |
D 909 Gaviota Sold | $720,000 | 0 | 0 | 1,760 | $409 | 0.2 mi |
E 1770 Walnut Sold | $950,000 | 0 | 0 | 2,600 | $365 | 0.6 mi |
F 1060 Cherry A & B Active | $995,000 List Price | 0 | 0 | 2,108 | $472 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1948, the property is significantly aged but benefits from a new roof installed in 2025. The presence of window AC units suggests a lack of modern central HVAC systems. While the exterior is maintained, the age and lack of mentioned interior renovations suggest the kitchens and baths are likely dated and require updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Unit Mix
The property features a desirable combination of one 2-bedroom and two 1-bedroom units, providing broad appeal for both high-demand rental tenants and owner-users.
- Dedicated On-Site Parking
Including three dedicated parking spaces in the Downtown Long Beach area is a significant value-add that enhances tenant satisfaction and increases rental competitiveness.
- Recent Capital Improvement
A new roof installed in 2025 offers immediate peace of mind and reduces near-term maintenance costs, improving the overall value of this multifamily asset.
CONSRISKS & DEFICIENCIES
- Market Stagnation
With 56 days on the market and a recent price reduction from the original list price, the property may be facing challenges in meeting current buyer valuation expectations.
- Aging Infrastructure
Built in 1948, the property likely requires ongoing maintenance or modernization of older systems typical of mid-century construction to remain competitive.
About 1111 Walnut
This attractive 3-unit income property features a desirable unit mix consisting of one spacious 2-bedroom, 1-bath unit and two well-appointed 1-bedroom, 1-bath units, offering broad appeal to a variety of tenants. Each residence provides a comfortable and functional layout designed to maximize living space and everyday convenience. The property also includes three dedicated on-site parking spaces, a valuable amenity that enhances tenant satisfaction and rental demand. The roof was replaced in in 2025, the electrical meters were upgraded, and the plumbing has been partially replaced with copper. With its efficient unit configuration, off-street parking, and strong income-producing potential, this triplex presents an excellent opportunity for investors seeking a stable multifamily asset or owner-users looking to offset occupancy costs with rental income. Its versatile layout and attractive unit mix make it a compelling addition to any real estate portfolio. Plus, a new roof was installed in 2025 which is a great enhancement to the property.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1948
- Lot Size
- 5,107 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Long Beach Unified Schools
Lincoln Elementary School
Grades K-5 • 0.3 mi
7/10
Franklin Classical Middle School
Grades 6-8 • 0.6 mi
6/10
Polytechnic High School
Grades 9-12 • 0.8 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 2,064 | 2,300.724 |
| Lot Size | 5,107 | 5,277.379 |
| Price | $890.0K | $1.24M |
| Price per sq ft | $431 | $513 |
| Built year | 1948 | 1949 |
| HOA | $0 | $0 |
| Days on market | 92 | 74 |
Pricing History
Listed for Sale
Aug 4, 2026
$890,000
$924,000
-4% Price Drop
Initial Listing
Price Change
Jun 9, 2026
$924,000
Initial Listing
Sold
Oct 4, 2011
$340,000
Public Record
Sold
Dec 28, 2004
$505,000
Public Record
Sold
May 28, 2004
$350,000
Public Record