About This Home
This 8-bedroom, 6-bathroom commercial at 1323 Walnut Ave in Long Beach, CA is listed for $1,599,000. Built in 1922, on a 0.15 acres lot.
Key Features
- Built in 1922
- 0.15 acre lot
- 2 stories
- 8 parking spaces
Property Details
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 like the Port of Long Beach. Steps to the vibrant Anaheim Corridor and Cambodia Town dining, and blocks from the beach, walking paths, and ocean views.
Monthly Cost Estimate
$8,552/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1323 Walnut Ave
Long Beach, CA 90813
Other (OTHR)
Property Details
Parking
Questions & Answers
This 8-bedroom, 6-bathroom commercial at 1323 Walnut Ave is listed at $1,599,000. The estimated monthly payment is $8,551 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1922, 0.15 acre lot, 2 stories, 8 parking spaces.
This property is listed by Tyson Storr and can be reached at 4242122321.