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Sold on 10/16/2025
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1334 Walnut Ave, Long Beach, CA 90813

$3,700,000

Last sold 10/16/2025 after 149 Days

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    bed

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    bath

Multi-family not for sale
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About 1334 Walnut Ave

Property type Multi-family
Neighborhood
Year built 1962
HOA fee $0/month
Lot size 0.3 Acre
Parking 13 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Jason Kirklen
Listing Agent Contact: 949-942-1302
Listing Office - Kirklen Investment Group
Source: CRMLS mls logo
MLS#OC25117518 • last updated 1 year ago
Movoto checked CRMLS for data 1 minute ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.2995
Lot Size (SqFt) 13048
Tax Area 11933
Year Built 1962
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 14842
Roof Flat
Parking Assigned
# Parking Spaces 13
# Garage Spaces 13
Lot Description 21-25 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Gutters, Sidewalks, Storm Drains
Zoning LBR2N
Directions E Anaheim Street And Walnut Avenue
APN 7261027006
Multifamily Details
Vacancy Allowance Rate 3
Laundry Income 228
Operating Expense 143782
Expense: Insurance 16771
Total Expenses 143782
Expense: Maintenance 20790
Expense: Water/ Sewer 25872
Gross Income 409581
Gross Operating Income 409581
Gross Scheduled Income 408294
Expense: Gardener 1200
Rental est.: $1,353/month
Gross rent multiplier: 227.9
  • Oct 2025
    mls logo MLS # OC25117518
  • Oct 16, 2025 Sold
    $3,700,000
  • Jul 15, 2025 Pending
    —
  • Jun 2, 2025 Active
    —
  • May 20, 2025 Listed
    $4,500,000 (+106.9%)
  • Oct 2025
    Public Records
  • Oct 15, 2025 Sold
    $3,700,000 (-17.8%)
  • Dec 2020
    Public Records
  • Dec 9, 2020 Sold
    $2,175,000 (-46.3%)
  • Feb 2019
    Public Records
  • Feb 22, 2019 Sold
    $4,050,000 (-2.4%)
  • Nov 2018
    mls logo MLS # OC18257324
  • Nov 17, 2018 Active
    —
  • Nov 5, 2018 Price Change
    $4,150,000 (+0.5%)
  • Nov 5, 2018 Listed
    $4,130,000
  • Year Property taxes Tax assessment
  • 2024
    $30,836 +1.8%
    $2,308,406 +2.0%
  • 2023
    $30,302 +6.5%
    $2,263,150 +2.0%
  • 2022
    $28,453 +2.1%
    $2,218,780 +2.0%
  • 2021
    $27,856 -3.5%
    $2,175,280 -3.07%
  • 2020
    $28,879
    $2,244,280
  • 1334 Walnut Ave
    $3.7M
  • Central Long Beach
    $510K +7% y/y
  • 90813
    $579K +11% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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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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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 10/22/2026. 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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