1770 Walnut, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This Quadruplex Residential Income Property is a Prime Investment Opportunity, listed at $950,000—positioned well below the $997,677 Fair Market Value by 4%. This valuation gap provides $47,677 in Instant Equity for the incoming owner. Currently maintaining a Fair Condition Rating with documented deferred maintenance, the asset offers significant value-add potential to increase ROI through modernization. Located in a high-demand rental corridor with a motivated seller, this multi-unit asset is ideal for Buy-and-Hold Investors or Value-Add Specialists seeking diversified cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1770 Walnut Subject | $950,000* List Price | 0 | 0 | 2,600 | $384 | - |
A 817 E New York Sold | $1,150,000 | 0 | 0 | 3,076 | $374 | 0.7 mi |
B 1524 E Hellman St Sold | $1,099,000 | 0 | 0 | 2,366 | $464 | 0.9 mi |
C 920 Cerritos Avenue Sold | $985,000 | 0 | 0 | 2,315 | $425 | 0.8 mi |
D 911 E 10th Street Sold | $1,072,000 | 0 | 0 | 3,200 | $335 | 0.9 mi |
E 826 Gaviota Active Under Contract | $1,150,000 List Price | 0 | 0 | 3,119 | $369 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, this quadruplex is an aged property showing signs of deferred maintenance and aging infrastructure typical for its era. While the property is functional and appraised at a significant value, the lack of documented recent renovations to the kitchens, bathrooms, or major systems suggests it requires minor to moderate updates to meet modern quality standards.
Priced at $950,000 with a recent appraisal exceeding $1 million, this property offers immediate equity and a strong value proposition for investors.
As a quadruplex, this residential income property provides four separate units, allowing for diversified cash flow and high rental demand in the Long Beach market.
The seller's explicit desire for a fast sale creates a strategic opportunity for buyers to secure a high-yield asset with potentially favorable closing terms.
The property was recently sold within the past year on 2025-10-16. The sold price is $950,000.00.
Built in 1954, the property may require capital expenditures for modernizing systems or addressing deferred maintenance common in mid-century buildings.
Located in the high-density Poly High area, the property may face common urban constraints such as limited on-site parking or neighborhood congestion.
Great Investment Property, Low Price. We have a recent Appraisal over 1 Million Appraised Value Seller Looking for a Fast Sale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,600 | 2,544 | 53% |
| Lot Size | 5,812 | 5,812 | 50% |
| Price | $950.0K | $985.0K | 40% |
| Price per sq ft | $365 | $381 | 40% |
| Built year | 1954 | 1923 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 164 | 7% |
Mar 26, 2026
$950,000
Initial Listing
Oct 16, 2025
$950,000
Public Record