1111 Walnut, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This triplex presents a High-Potential Investment Opportunity, listed at a List Price of $924,000—positioned well above the $887,490 Fair Market Value by 4%. While the property requires updates, the 2025 roof installation and dedicated on-site parking provide a stable foundation for a Buy-and-Hold Investor. With a Condition Rating of 4, the unit mix offers significant value-add potential through interior modernization. Located near Lincoln Elementary, this asset is ideal for Owner-Occupants seeking to offset mortgage costs through rental income in a high-demand area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1111 Walnut Subject | $924,000* List Price | 0 | 0 | 2,064 | $430 | - |
A 1107 Mahanna Sold | $720,000 | 0 | 0 | 1,695 | $425 | 0.2 mi |
B 909 Gaviota Sold | $720,000 | 0 | 0 | 1,760 | $409 | 0.2 mi |
C 1105 Cherry Ave Sold | $880,000 | 0 | 0 | 2,059 | $427 | 0.3 mi |
D 1770 Walnut Sold | $950,000 | 0 | 0 | 2,600 | $365 | 0.6 mi |
E 1912 E 10th Sold | $783,000 | 0 | 0 | 1,568 | $499 | 0.3 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.
Property is moderate renovation needed.
Built in 1948, the property exceeds the 20-year threshold for datedness. While the 2025 roof is a significant system upgrade, the presence of window AC units indicates a lack of modern central HVAC. The exterior shows signs of age, and without evidence of recent interior renovations to kitchens or baths, the property is classified as functional but dated, requiring cosmetic and system updates.
The property features a versatile configuration of one 2-bedroom and two 1-bedroom units, appealing to a wide range of tenants and maximizing rental income potential.
With three dedicated parking spaces in the high-demand Downtown Long Beach area, this asset offers a significant competitive advantage for tenant retention and convenience.
A brand-new roof installed in 2025 provides immediate value and peace of mind, reducing near-term maintenance expenses for the new owner.
Originally built in 1948, the property may require more frequent maintenance or future upgrades to aging infrastructure compared to newer multifamily developments.
Having been active for 42 days at the current list price, the property may face scrutiny regarding its valuation relative to current market conditions in the 90813 zip code.
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. 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.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,064 | 2,100 |
| Lot Size | 5,107 | 5,077.5 |
| Price | $924.0K | $1.14M |
| Price per sq ft | $448 | $519 |
| Built year | 1948 | 1950 |
| HOA | $0 | $0 |
| Days on market | 43 | 68 |
Jun 9, 2026
$924,000
Initial Listing
Oct 4, 2011
$340,000
Public Record
Dec 28, 2004
$505,000
Public Record
May 28, 2004
$350,000
Public Record