1323 Walnut Ave
Long Beach, CA 90813
8
Bed
6
Bath
6,362Sqft(Lot)
Great turnkey investment opportunity in a high-demand Long Beach rental market offered at a 5.6% cap rate! This fully stabilized 6-unit multifamily 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, reducing future CapEx risk. 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. Steps to the vibrant Anaheim Corridor and Cambodia Town dining, and blocks from the beach, walking
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1922Building Area Total: 3888Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 6362 Lot Size Acres: 0.1461 Lot Size Source: Assessor Lot Size Square Feet: 6,362 Lot Description: ZeroToOneUnitAcreProperty Information
Subdivision: Walnut Source Property Type: ResidentialIncome Property SubType: Mixed Use Levels: Two Property Age: 104
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Listing Price Information
Listing Price: $1725000Exchange1031
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Tax Information
Parcel Number: 7268040019 Tax Lot: 7 Tax Block: B
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Virtual Tour
Parking Information
Parking Total: 8 Gated
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Location Information
Direction: Cross Streets: Anaheim WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1036 Cherry Avenue, Long Beach, CA, 90813 | $2,275,000 | 10 | -- | 4,722 | 4,722 SqFt |
| 1081 Cherry Avenue, Long Beach, CA, 90813 | $1,050,000 | 2 | -- | 2,773 | 2,773 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1014 Gaviota Avenue, Long Beach, CA, 90813 | $668,000 | 2 | -- | 914 | 914 SqFt |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,875,000 | -- | -- | 6,640 | 6,640 SqFt |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $969,000 | 3 | 2 | 1,312 | 1,312 SqFt |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 4,944 SqFt |
| 1416 Orange, Long Beach, CA, 90813 | $1,299,999 | 6 | 4 | 2,926 | 2,926 SqFt |
| 1310 E Hellman, Long Beach, CA, 90813 | $1,725,000 | -- | -- | 5,735 | 5,735 SqFt |
| 1242 E 7th St, Long Beach, CA, 90813 | $1,150,000 | -- | -- | 2,875 | 2,875 SqFt |
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ByOwner last updated this listing 07/24/2026 @ 05:40
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