Residential Income - 1323 Walnut Ave, Long Beach, CA

$1,599,000

1323 Walnut Ave, Long Beach, CA

1323 Walnut Ave, Long Beach, CA 90813 - $1,599,000 · Multi-Family Home for Sale, photo 3

1323 Walnut Ave, Long Beach, CA 90813 - $1,599,000 · Multi-Family Home for Sale, photo 4

1323 Walnut Ave, Long Beach, CA 90813 - $1,599,000 · Multi-Family Home for Sale, photo 5

View in Nalren App Get the App

Description

PRICE IMPROVEMENT - NOW OFFERED AT A 10.4 GRM AND 6.1 CAP RATE ON ACTUALS. Great turnkey investment opportunity in a high-demand Long Beach rental market. 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.

Property details

Year built

1922

Property type

Residential Income

Lot size

6,362 sqft

Location

1323 Walnut Ave • Long Beach, CA 90813

More homes for sale and rent in Long Beach, CA →

Listed by

Tyson Storr · Buckingham Investments, Inc.

Similar Listings

Recent sales near 1323 Walnut Ave

1450 Peterson: Sold $830,000 · Aug 2026 · 0.1 mi
Inzunza Real Estate Inc. | DRE #01342370
Buyer's agent: Cinthya Hernandez, Century 21 LOTUS | DRE #02122461
1200 Gaviota 104: Sold $480,000 · 2 bd · 2 ba · 1,049 sqft · Aug 2026 · 0.2 mi
Think Boutiq Real Estate | DRE #01966309
Buyer's agent: Jason Xu, eXp Realty of Greater LA, Inc. | DRE #02238061
1100 Walnut 4: Sold $440,000 · 2 bd · 2 ba · 850 sqft · Jun 2026 · 0.2 mi
Y Realty | DRE #01313351
Buyer's agent: Lauren Yi, Keller Williams Realty | DRE #02100328
1107 Mahanna: Sold $720,000 · Jul 2026 · 0.2 mi
Amberwood Real Estate | DRE #01805872
Buyer's agent: Sophala Daum, MOSO Real Estate | DRE #01818854
1419 E 15th: Sold $945,000 · Jul 2026 · 0.2 mi
The Moore Group | DRE #01926377
Buyer's agent: Edgar Rodriguez, First American Team Realty Inc | DRE #01227107
1014 Gaviota Avenue: Sold $686,000 · 2 bd · 1 ba · 914 sqft · Jul 2026 · 0.3 mi
First Team Real Estate | DRE #01407205
Buyer's agent: Rick Lee, Real Broker | DRE #02130981
1735 E 10th Street: Sold $3,049,000 · 22 bd · 14 ba · 10,253 sqft · Jun 2026 · 0.3 mi
The Agency | DRE #01336277
Buyer's agent: Jonathan Swire, The Agency | DRE #01336277
1037 N Almond Court: Sold $755,000 · 3 bd · 1 ba · 1,224 sqft · Jul 2026 · 0.3 mi
Real Broker | DRE #01948851
Buyer's agent: Peter Lim, Redfin Corporation | DRE #02123642

Closed sales reported in 90813, nearest first, last 12 months. All recent sales in Long Beach →