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Listed by Buckingham Investments, Inc., Tyson Storr, Listing Contact: [email protected]

$1,599,000

1323 Walnut Ave, Long Beach CA, 90813

Price per sqftN/A
Built in1922
Property typeMulti-family

Overview

Active

Listed Jul 9, 2026

Updated 9 days ago

PRICE IMPROVEMENT - NOW OFFERED AT A 10.4 GRM AND 6.1 CAP RATE ON ACTUALS. Great turnkey investment opportunity in a high-demand Long Beach rental market. 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.

$10,638/mo

Est. mortgage payment based on a $1,599,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CRIN26149247

Interior Features

Basement
No

Exterior Features

Lot Size
0.15 Acres
MLS provider logo

Listed by Buckingham Investments, Inc., Tyson Storr DRE:02179872,
Listing Contact: [email protected] 

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Data last updated 1:36 PM UTC, 9/28/2026

 

 

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