1323 Walnut Ave, Long Beach, CA 90813
List Price: $1.73M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1922
Lot Size: 6,362 sq ft
Private Pool: Yes
MLS Number: IN26149247
About This Property
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.
Listing provided by: Tyson Storr DRE #02179872 562-624-4400 Tyson@buckinghaminvestments.com, Buckingham Investments, Inc.
Source: CRMLS, MLS #: IN26149247
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.