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834 Walnut, Long Beach, CA 90813

  • $1,449,000

  • bed

  • bath

Multi-family for sale 4 hours
Movoto is helping 68 homebuyers near you

About 834 Walnut

Property type Multi-family
Neighborhood
Year built 1965
HOA fee $0/month
Lot size 6,065 Sqft
Movoto estimate
Parking 5 garage spaces
Rental estimate
Property description
834 Walnut presents a rare opportunity to acquire a large, well-maintained 4-unit apartment building just 8 blocks from the beach in one of Long Beach’s most desirable rental markets. Situated on a 6,065 sqft lot, the property offers approximately 3,993 sqft of living space and features an ideal unit mix for both investors and owner-occupants. The front “owner’s unit” is exceptionally large and consists of 6 bedrooms, 2 bathrooms, and a spacious laundry room, creating a variety of potential use cases including owner occupancy, multigenerational living, or a high-income “rent by the room” strategy. The rear of the property includes (3) well-positioned 2-bedroom/1-bath units with strong in-place rents, providing stable cash flow from day one. The property also features a shared laundry room with coin-operated machines for additional income, plus (5) garages and driveway parking. Ideally located near Downtown Long Beach, 4th Street Retro Row, Belmont Shore, and just 8 blocks from the beach, this property offers strong appeal for owner-occupants, long-term investors, ADU developers, or buyers looking to maximize income through a rent-by-the-room strategy in the front unit.
Listed by
Listing Agent - Cody Charnell
Listing Agent Contact: 562-896-3851
Listing Office - Sage Real Estate Group, Inc.
Source: CRMLS mls logo
MLS#PW26106205 • last updated 12 hours ago
Movoto checked CRMLS for data 4 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Active
Lot Size (Acres) 0.1392
Lot Size (SqFt) 6065
Year Built 1965
Interior
Exterior
Building Area Square Feet, 3993
# Uncovered Spaces 4
# Parking Spaces 9
# Garage Spaces 5
Lot Description 2-5 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Suburban
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Directions On Walnut Between 7th And 10th
APN 7267018017
Multifamily Details
Tenant Pays Electricity
Vacancy Allowance Rate 3
Vacancy Allowance 3631
Expense: Trash 2515.7
Laundry Income 600
Operating Expense 33
Cap Rate 5.6
Expense: Insurance 4000
Total Expenses 39868
Expense: Maintenance 4816
Expense: Water/ Sewer 1329.7
Gross Income 3000
Expense: Electric 926.56
Gross Multiplier 11.6
Gross Scheduled Income 121020
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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.
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