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1323 Walnut Ave, Long Beach, CA 90813

  • $1,725,000

    •

  • —

    bed

  • —

    bath

Multi-family for sale 11 days
Movoto is helping 68 homebuyers near you

About 1323 Walnut Ave

Property type Multi-family
Neighborhood
Year built 1922
HOA fee $0/month
Lot size 6,362 Sqft
Movoto estimate
Rental estimate
Property description
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 paths, and ocean views.
Listed by
Listing Agent - Tyson Storr
Listing Agent Contact: 4242122321
Listing Office - Buckingham Investments, Inc.
Source: CRMLS mls logo
MLS#IN26149247 • last updated 1 week ago
Movoto checked CRMLS for data 3 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Commercial/Residential
Status Active
Lot Size (Acres) 0.1461
Lot Size (SqFt) 6362
Year Built 1922
Interior
Laundry None
Exterior
Building Area Square Feet, 3888
Parking Gated
# Uncovered Spaces 8
# Parking Spaces 8
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Urban, Sidewalks
Subdivision Walnut, Other (OTHR)
Directions Cross Streets: Anaheim
APN 7268040019
Multifamily Details
Operating Expense 51563
Cap Rate 5.6
Expense: Insurance 9595
Total Expenses 51563
Gross Multiplier 11.2
Gross Scheduled Income 153600
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4/10
Whittier Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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Dining
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90813
  • Central Long Beach
  • 1323 Walnut Ave

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 7/20/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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