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(323) 864-4211
Linda Roth Burrell
1332 Walnut Ave, Long Beach, CA 90813
- $2,149,000
- 17
- BD
- 9
- BA
- 6,892
- SqFt
- Sold Price
- $2,149,000
- List Price
- $2,149,000
- Closing Date
- Nov 14, 2025
- MLS#
- 25590423
- Year Built
- 1963
- Bedrooms
- 17
- Bathrooms
- 9
- Living Sq. Ft
- 6,892
- Lot Size
- 6,525
- Days on Market
- 14
- Property Type
- Multifamily
- Stories
- 2
Property Description
PRICED TO SELL - 9.8 GRM AND 6.7% CAP on in-place rents, with upside to a 9.0 GRM and 7.6% CAP. 9 units on the Eastside of Long Beach. Property was heavily rehabbed in 2020. 8 of 9 units were taken down to the studs with everything updated. Property has new windows, updated plumbing, electrical, kitchens and baths. Additionally, all new tile flooring was installed (that looks like wood laminate) which will last for years to come. Buyer to verify. Main Electric Panel is 400 AMPS - Buyer to verify. There is onsite laundry and the building is secured. There are 4 garages in the rear that could be rented for $125/garage or converted into 1-2 ADU's - Buyer to verify. There is also one garage in the front of the building. There are 2 potential Loan Options on the property. Option 1 - The Buyer can obtain a new loan with 25-30% down. Option 2 - Buyer can assume the existing, fully amortized loan of $1.830.000 fixed at 3.4% until November 2026 at which point it can adjust as much as 2.00%. This option allows a Buyer to purchase this property with less than 20% down. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Additional Information
- Other Buildings
- None
- Heat
- Wall
- Cooling
- Window Unit(s)
- Number of Cars in Garage
- Assigned
- Garage Spaces Total
- 5
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Courtesy of The Agency, Jonathan Swire - CA DRE#01336277 Selling Office: .
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