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
$3,668,000 Zestimate®
$249/sqft
$2,000 Estimated rent
Home value
$3,668,000
$3.34M - $4.03M
$2,000/mo
Zestimate® history
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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
Originating MLS: California Regional MLSFacts & 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
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2025 | Sold | $3,700,000-17.8%$249/sqft |
Source:  CRMLS #OC25117518 | ||
| 7/16/2025 | Pending sale | $4,500,000$303/sqft |
Source: CRMLS #OC25117518 | ||
| 6/2/2025 | Contingent | $4,500,000$303/sqft |
Source: CRMLS #OC25117518 | ||
| 5/27/2025 | Listed for sale | $4,500,000+8.4%$303/sqft |
Source: CRMLS #OC25117518 | ||
| 8/30/2024 | Listing removed | $1,595 |
Source: Zillow Rentals | ||
Public tax history
Tax history is unavailable.
Neighborhood: Poly High District
Nearby schools
GreatSchools rating
- 4/10Whittier Elementary SchoolGrades: K-5Distance: 0.4 mi
- 5/10Franklin Classical Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Polytechnic High SchoolGrades: 9-12Distance: 0.7 mi
Get a cash offer in 3 minutes
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Estimated market value
$3,668,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,668,000