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3,888 sqft

$1,599,000

1323 Walnut Ave, Long Beach CA, 90813

Price per sqft$411.27
Built in1922
Property size3,888 sqft
Property typeMulti-family

Overview

Active

Listed Jul 9, 2026

Updated Jul 31

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.

$10,638/mo

Est. mortgage payment based on a $1,599,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
IN26149247

Interior Features

Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

55+/Senior Community
No

Listed by Tyson Storr, Buckingham Investments, Inc., CA DRE 02179872

Listing Contact: 4242122321 

Based on information from the CRISNet MLS as of 7/31/2026, 4:11 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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