1467 Walnut Ave, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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1467 Walnut Ave
Long Beach, California 90813
ACTIVE
CONDITION: POOR
0Beds
0Baths
1,462Sq Ft
6,409Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$720,753
17% AboveMARKET VALUE
SUMMARY
This Residential Income Duplex represents a High-Potential Investment Opportunity, currently listed at a List Price of $850,000. With a Fair Market Value of $690,206, the property is priced above market, requiring a strategic approach to value-add. Featuring a Condition Rating of 5, the asset benefits from a brand-new roof and an expansive 6,409 sqft lot, ideal for ADU development. This property is best suited for Buy-and-Hold Investors or Owner-Occupants capable of executing a comprehensive renovation to maximize long-term rental yields and equity growth.
Estimated Market Value
$720,753
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 |
|---|---|---|---|---|---|---|
★ 1467 Walnut Ave Subject | $850,000* List Price | 0 | 0 | 1,462 | $493 | - |
A 1450 Peterson Sold | $830,000 | 0 | 0 | 1,475 | $563 | 0.0 mi |
B 1107 Mahanna Sold | $720,000 | 0 | 0 | 1,695 | $425 | 0.3 mi |
C 1912 E 10th Sold | $783,000 | 0 | 0 | 1,568 | $499 | 0.5 mi |
D 909 Gaviota Sold | $720,000 | 0 | 0 | 1,760 | $409 | 0.5 mi |
E 1326 E 9th Street Active | $919,000 List Price | 0 | 0 | 1,842 | $499 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1921, this property is over 100 years old. While the roof is brand new, the listing's heavy emphasis on 'potential,' 'investors,' and 'future improvements' strongly suggests the interior (kitchen/baths) and core systems are significantly outdated and require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
As a versatile duplex, this property offers excellent flexibility for owner-occupants to house-hack or for investors to maximize rental yields in a high-demand Long Beach rental market.
- Expansive Lot Size
The oversized 6,409 sqft lot provides significant value-add potential, offering ample space for ADU development, expansion, or enhanced outdoor living areas.
- Recent Capital Improvement
The front home features a brand-new roof, reducing immediate maintenance costs and providing essential structural peace of mind for the new owner.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1921, the property may require significant updates to aging electrical, plumbing, and mechanical systems to meet modern building codes and tenant expectations.
- Premium Pricing
With a list price of $850,000 for 1,462 square feet, the high price-per-square-foot may challenge initial cash flow margins for conservative investors.
About 1467 Walnut Ave
Rare Long Beach Duplex with Endless Potential on an Expansive Lot! Don’t miss this exceptional opportunity to own a versatile duplex in the heart of Long Beach! Situated on a generously sized lot, 1467 Walnut Ave offers incredible potential for investors, owner-occupants, or anyone looking to maximize the possibilities of a large property. The front home features a brand-new roof, providing added value and peace of mind. With ample outdoor space, the oversized lot presents endless opportunities for expansion, outdoor entertaining, additional parking, or future improvements (buyer to verify with the City of Long Beach). Whether you’re looking to generate rental income, live in one unit while renting the other, or add a valuable property to your investment portfolio, this duplex is full of opportunity. Conveniently located near shopping, dining, schools, parks, public transportation, and major freeways, this property combines location, flexibility, and long-term potential.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1921
- Lot Size
- 6,409 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
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 | 1,462 | 2,300.724 |
| Lot Size | 6,409 | 5,277.379 |
| Price | $850.0K | $1.24M |
| Price per sq ft | $581 | $513 |
| Built year | 1921 | 1949 |
| HOA | $0 | $0 |
| Days on market | 46 | 74 |
Pricing History
Listed for Sale
Jul 25, 2026
$850,000
Initial Listing
Sold
Apr 20, 2007
$539,000
Public Record