1334 Walnut Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$4,500,000 USD
949-942-1302
1334 Walnut Ave, Long Beach, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/4
null | 5.91% Cap Rate

1334 Walnut Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Two Parcels - No On-Site Management Required
  • On-Site Laundry Facilities
  • Income Generating Garage Parking
  • Great Mix of One- and Two-Bedroom Floorplans
  • Newer Windows
  • Separately Metered for Gas and Electric

OVERVIEW

Presenting an exceptional investment opportunity in Long Beach, CA. This distinguished 14,842 SF building, comprising 22 units, is tailor-made for savvy multifamily/low-rise/garden investors. Built in 1962, the property is strategically positioned in the thriving Long Beach rental market. With its newer windows, a superb mix of one- and two-bedroom ?oorplans, garage parking, separately metered for gas and electric, and on-site laundry facilities, this property offers a seamless and lucrative investment potential. Situated on two, adjacent parcels, the property does not require any on-site management. Don't miss out on this chance to add a robust asset to your portfolio. Schedule a viewing today and unlock the full potential of this exceptional property.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$588 USD /SF

# OF UNITS

22

PRICE/UNIT

$204,545

CAP RATE

5.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,674 SF

ZONING

LBR2N

APN/PARCEL ID

7261-027-006

ASK ABOUT THIS PROPERTY

Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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