1515 E Walnut Way, Long Beach, California 90813, Long Beach, 90813 - 2 bed, 1 bath
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Long Beach, California 90813
This Vintage Value-Add Residence is a strategic entry-level home listed at $620,000—positioned well below the $624,397 Fair Market Value by 1%. This valuation offers $4,397 in Instant Equity in a high-demand coastal market. Built in 1929, the property features a Functional 2-Bed Layout, Private Patio, and classic character, though it holds a Condition Rating of 4 necessitating interior modernization. Located within the Long Beach Unified district, it provides excellent proximity to downtown amenities. This property is an ideal opportunity for first-time buyers or Owner-Occupants seeking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1515 E Walnut Way Subject | $620,000* List Price | 2 | 1 | 946 | $676 | - |
A 1074 Vina Avenue Sold | $710,000 | 2 | 2 | 934 | $760 | 0.5 mi |
B 1390 Gundry Avenue Active | $550,000 List Price | 1 | 1 | 654 | $841 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1929, this home is functional and well-maintained but requires modernization to meet current standards. While it features some cosmetic updates such as newer laminate flooring and stone countertops, the kitchen appliances are dated, the bathroom retains older tiling and fixtures, and the listing description explicitly identifies the property as a renovation project with potential for customization.
The property is ideally situated just minutes from downtown Long Beach, offering residents convenient access to vibrant shopping, dining, local beaches, and major transportation corridors.
Built in 1929, this home retains classic Southern California character and a functional layout that provides a warm, inviting atmosphere often sought after in established neighborhoods.
As a charming residence in a quiet residential area, it represents a strong opportunity for first-time homeowners or investors looking for a renovation project with long-term appreciation potential.
With only 946 square feet of living area and a single bathroom, the property's compact footprint may be restrictive for growing families or those requiring more modern spatial utility.
The property is noted for its potential for customization, implying that the kitchen and other interior elements likely require significant updates to meet contemporary standards.
Welcome to 1515 E Walnut Way, a charming residence located in the heart of Long Beach. This property offers a fantastic opportunity for new and first time homeowners, combining classic Southern California character with convenient access to the city’s vibrant amenities. Situated on a quiet residential street, the home features a functional layout designed for comfortable living. Natural light fills the interior spaces, creating a warm and inviting atmosphere throughout the living areas. The property offers well-proportioned bedrooms, a comfortable living room ideal for relaxing or entertaining, and a kitchen with ample potential for customization and modernization. Located just minutes from downtown Long Beach, residents enjoy easy access to shopping, dining, local parks, and major transportation corridors. The home is also conveniently close to beaches, cultural attractions, and employment centers, making it an ideal location for both lifestyle and long-term investment potential. Whether you're looking for a primary residence, a rental property, or a renovation project, 1515 E Walnut Way represents a strong opportunity in one of Long Beach’s established neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 946 | 940 | 50% |
| Lot Size | 2,504 | 3,399.5 | 39% |
| Price | $620.0K | $602.5K | 56% |
| Price per sq ft | $655 | $680 | 44% |
| Built year | 1929 | 1922 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 162 | 6% |
Mar 17, 2026
$620,000
Initial Listing
Jun 16, 2017
$362,000
Public Record