834 Walnut, Long Beach, California 90813, Long Beach, 90813 - 0 bed, 0 bath
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Long Beach, California 90813
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,449,000—positioned above the $1,365,915 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3, offering a stable, well-maintained foundation. The unique 6-bedroom front unit provides significant flexibility for a "rent-by-the-room" strategy or owner-occupancy, while the five garages and proximity to the beach ensure long-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to maximize income in a prime coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 834 Walnut Subject | $1,449,000* List Price | 0 | 0 | 3,993 | $342 | - |
A 1612 E 7th Sold | $1,150,000 | 0 | 0 | 3,022 | $381 | 0.2 mi |
B 911 E 10th Street Sold | $1,072,000 | 0 | 0 | 3,200 | $335 | 0.6 mi |
C 717 E 8th Sold | $1,020,125 | 0 | 0 | 3,432 | $297 | 0.7 mi |
D 1408 Walnut Sold | $1,250,000 | 0 | 0 | 3,538 | $353 | 0.5 mi |
E 1014 Myrtle Avenue Active | $1,399,000 List Price | 0 | 0 | 3,313 | $422 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1965, the property is described as well-maintained and move-in ready. Visuals of the laundry area show updated flooring and paint, and the exterior is in solid condition with functional systems, suggesting maintenance or partial renovations within the 5-15 year range.
The unique 6-bedroom front unit offers diverse investment strategies, including high-yield 'rent-by-the-room' models or owner-occupancy, complemented by three stable 2-bedroom units.
Situated just eight blocks from the beach in the highly desirable Alamitos Beach area, the property boasts proximity to 4th Street Retro Row and Downtown Long Beach, ensuring high rental demand.
Featuring five garages plus driveway parking, the property provides a rare and valuable commodity in high-density Long Beach, significantly enhancing tenant appeal and property value.
Built in 1965, the property may require significant capital expenditures for deferred maintenance or upgrades to aging mechanical, electrical, and plumbing systems.
The large 6-bedroom unit and multi-unit configuration increase operational intensity, potentially leading to higher tenant turnover and more complex property management requirements.
834 Walnut presents a rare opportunity to acquire a large, well-maintained 4-unit apartment building just 8 blocks from the beach in one of Long Beach’s most desirable rental markets. Situated on a 6,065 sqft lot, the property offers approximately 3,993 sqft of living space and features an ideal unit mix for both investors and owner-occupants. The front “owner’s unit” is exceptionally large and consists of 6 bedrooms, 2 bathrooms, and a spacious laundry room, creating a variety of potential use cases including owner occupancy, multigenerational living, or a high-income “rent by the room” strategy. The rear of the property includes (3) well-positioned 2-bedroom/1-bath units with strong in-place rents, providing stable cash flow from day one. The property also features a shared laundry room with coin-operated machines for additional income, plus (5) garages and driveway parking. Ideally located near Downtown Long Beach, 4th Street Retro Row, Belmont Shore, and just 8 blocks from the beach, this property offers strong appeal for owner-occupants, long-term investors, ADU developers, or buyers looking to maximize income through a rent-by-the-room strategy in the front unit.
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 | 3,993 | 2,572 | 91% |
| Lot Size | 6,065 | 5,890.5 | 55% |
| Price | $1.45M | $977.5K | 95% |
| Price per sq ft | $363 | $381 | 36% |
| Built year | 1965 | 1922 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 182 | 5% |
May 15, 2026
$1,449,000
Initial Listing
Jun 28, 2024
$1,286,000
Public Record
Oct 25, 2021
$1,300,000
Public Record
Apr 1, 2003
$423,000
Public Record
Jun 17, 1994
$74,000
Public Record