1323 Walnut Ave, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
Loading property details...
Long Beach, California 90813
This 6-unit multifamily asset represents a High-Potential Investment Opportunity, listed at a List Price of $1,725,000, which aligns closely with the $1,705,365 Fair Market Value. Featuring a Turnkey Condition Rating due to recent electrical and cosmetic upgrades, this property offers immediate cash flow at a 5.6% cap rate. With a rare 1:1 parking ratio and proximity to major employment hubs, this stabilized asset minimizes CapEx risk. It is an ideal acquisition for Buy-and-Hold Investors or Multifamily Portfolio Managers seeking a high-demand, low-maintenance rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1323 Walnut Ave Subject | $1,725,000* List Price | 0 | 0 | 3,888 | $439 | - |
A 1050 E Hellman Street Sold | $1,425,000 | 0 | 0 | 3,542 | $402 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1922, the property underwent a complete renovation within the past year, including a full electrical rewire. The units are described as turnkey with minimal deferred maintenance, and visual evidence shows fresh paint, new flooring, and updated landscaping, qualifying it as a recent high-quality renovation.
The property has been completely updated within the past year, including a full electrical rewiring, which minimizes immediate capital expenditure and maintenance risks for new investors.
Featuring a gated rear lot with 8 dedicated spots for 6 units, the property offers a rare 1:1+ parking ratio, providing a significant competitive advantage in the high-demand Long Beach rental market.
Offered at a 5.6% cap rate with units already performing at maximum market rents, this stabilized asset provides immediate, strong returns without the need for initial rent stabilization or renovations.
Originally built in 1922, the century-old building may require ongoing vigilance regarding long-term structural integrity and plumbing systems despite recent cosmetic and electrical upgrades.
Located in a high-demand but densely populated area of Long Beach, the property may face challenges related to urban congestion and higher management intensity typical of the 90813 zip code.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.0 |
| Square foot | 3,888 | 3,223 |
| Lot Size | 6,362 | 5,410.5 |
| Price | $1.73M | $1.78M |
| Price per sq ft | $444 | $377 |
| Built year | 1922 | 1923 |
| HOA | $0 | $0 |
| Days on market | 13 | 108 |
Jul 9, 2026
$1,725,000
Initial Listing
Mar 22, 2018
$1,050,000
Public Record
Mar 22, 2018
$374,000
Public Record
Sep 2, 2005
$800,000
Public Record
Oct 29, 2004
$266,000
Public Record
Aug 29, 2003
$290,000
Public Record
Jul 25, 2003
$300,000
Public Record