1323 Walnut Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,599,000 USD
323-719-4908
1323 Walnut Ave, Long Beach, CA for Sale
$1,599,000 USD
Apartments - FOR SALE
1/4
null | 6.1% Cap Rate

1323 Walnut Ave
Long Beach, CA 90813
Downtown Long Beach


OVERVIEW

Great turnkey investment opportunity in a high-demand Long Beach rental market. This fully stabilized 6-unit multi-family 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. 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.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$411 USD /SF

# OF UNITS

6

PRICE/UNIT

$266,500

CAP RATE

6.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walnut Six

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,364 SF

ZONING

LBR2N

APN/PARCEL ID

7268-040-019

ASK ABOUT THIS PROPERTY

Johnny ChaconBuckingham InvestmentsMore Info
323-719-4908

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Johnny ChaconBuckingham InvestmentsMore Info
323-719-4908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.