Listing provided courtesy of Tyson Storr of Buckingham Investments, Inc.. Last updated 2026-07-21 08:11:04.000000. Listing information © 2026 Sandicor.
Asking Price: $1,725,000 |
1323 Walnut Ave, Long Beach CA 90813
Community: 4 - Downtown Area, Alamitos Beach
This Commercial/Residential property was built in 1922 and is priced at $1,725,000. Please see the additional details below.
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. Steps to the vibrant Anaheim Corridor and Cambodia Town dining, and blocks from the beach, walking paths, and ocean views.
