Presenting an exceptional investment opportunity in Long Beach, CA. This distinguished 14,842 SF building, comprising 22 units, is tailor-made for savvy multifamily/low-rise/garden investors. Built in 1962, the property is strategically positioned in the thriving Long Beach rental market. With its newer windows, a superb mix of one- and two-bedroom ?oorplans, garage parking, separately metered for gas and electric, and on-site laundry facilities, this property offers a seamless and lucrative investment potential. Situated on two, adjacent parcels, the property does not require any on-site management. Don't miss out on this chance to add a robust asset to your portfolio. Schedule a viewing today and unlock the full potential of this exceptional property.
Sold for $3,700,000 on 10/16/25
Listing Provided by: 
Jason Kirklen DRE #01939655 949-942-1302,
Kirklen Investment Group
Bought with: Kirklen Investment Group
$3,700,000
1334 Walnut Ave, Long Beach, CA 90813
64beds
44baths
14,842sqft
Multi Family
Built in 1962
-- sqft lot
$3,699,300 Zestimate®
$249/sqft
$2,000 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 16, 2025 at 12:13pm
Listing Provided by:
Jason Kirklen DRE #01939655 949-942-1302,
Kirklen Investment Group
Bought with:
Jason Kirklen, DRE #01939655
Kirklen Investment Group
Source: CRMLS,MLS#: OC25117518
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 64
 - Bathrooms: 44
 
Appliances
- Laundry: Common Area
 
Features
- Common walls with other units/homes: 2+ Common Walls
 
Interior area
- Total structure area: 14,842
 - Total interior livable area: 14,842 sqft
 
Property
Parking
- Total spaces: 13
 - Parking features: Assigned
 - Garage spaces: 13
 
Features
- Levels: Two
 - Stories: 2
 - Entry location: Front
 - Pool features: None
 
Lot
- Size: 0.30 Acres
 - Features: 21-25 Units/Acre
 
Details
- Additional parcels included: 7261027005
 - Parcel number: 7261027006
 - Zoning: LBR2N
 - Special conditions: Standard
 
Construction
Type & style
- Home type: MultiFamily
 - Property subtype: Multi Family
 - Attached to another structure: Yes
 
Materials
- Roof: Flat
 
Condition
- New construction: No
 - Year built: 1962
 
Utilities & green energy
- Sewer: Public Sewer
 - Water: Public
 
Community & neighborhood
Community
- Community features: Curbs, Gutter(s), Storm Drain(s), Sidewalks
 
Location
- Region: Long Beach
 
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange
 
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Estimated market value
$3,699,300