New Financials!! Building is now operating at a 4.56% Cap Rate with Upside! ; Capital Improvements & Renovated Units - The building features new paint, new windows and three units have been slightly renovated. ; Attractive New Debt Available - Historically low interest rates allow strong returns day 1. ; Desirable Unit Mix - The buildings units comprise of (1) 1 bed / 1 bath, (6) 2 beds / 1 bath and (2) 3 bed / 1 bath. ; Gentrifying Long Beach Location ; Located East of Alamitos Ave and South of Anaheim St, the asset lies about 1.5 miles from Alamitos Beach and about 2.5 miles from Belmont Shore.
Off market
$2,696,900
1056 Walnut Ave, Long Beach, CA 90813
19beds
9baths
6,892sqft
MultiFamily
Built in 1962
-- sqft lot
$2,696,900 Zestimate®
$391/sqft
$2,273 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 19
- Bathrooms: 9
Cooling
- None
Appliances
- Laundry: Community
Interior area
- Total interior livable area: 6,892 sqft
Property
Parking
- Total spaces: 6
Features
- Exterior features: Stucco
Lot
- Size: 6,089 sqft
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1962
Community & neighborhood
Location
- Region: Long Beach
Other
Other facts
- County: Los Angeles
- PropertyType: Residential Income
- SourceLotSizeArea: Assessor
- Equipment: Other
- SourceLivingArea: Assessor
- ParkingGarage: Garage - 4+ Car
- Heating: Other
- Laundry: Community
- ExteriorConstruction: Stucco
- LaundryEquipment: Own
- Country: US
- ListingArea: Downtown Area, Alamitos Beach
- ListingStatus: Pending
- UnitTypeType: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114
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Estimated market value
$2,696,900