Long Beach, CA 90813 1334 Walnut Avenue
$4,500,000
0 more
Presented By: Jason Kirklen with Kirklen Investment Group; 949-942-1302
Beds • 32
Baths • 2
SQFT • 14,842
Garage • 13
Year Built • 1962
Home Details
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.
Presented By: Jason Kirklen with Kirklen Investment Group; 949-942-1302
Interior Features for 1334 Walnut Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1334 Walnut Avenue
Additional Parcels Description7261027005
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, StormDrains, Sidewalks
CountyLos Angeles
DirectionsE Anaheim Street and Walnut Avenue
Electric Expense0.0
Electric On Property Y/NNo
Entry LocationFront
Fuel Expense0.0
Garage Spaces13.0
Garage Y/NYes
Gross Income409581.0
HOANo
Home Warranty Y/NNo
Insurance Expense16771.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet13048.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense20790.0
MobileHomeRemainsYNNo
Net Operating Income265799.0
New ConstructionNo
Number Of Units Total22
Operating Expense143782.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofFlat
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Tax Lot6
Taxes$59,949
Tenant PaysElectricity, Gas
Trash Expense0.0
Water Sewer Expense25872.0
Year Built1962
Year Built SourceAssessor
ZoningLBR2N
Exterior for 1334 Walnut Avenue
Building Area Total14842.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwentyOneToTwentyFiveUnitsAcre
Lot Size Acres0.2995
Lot Size Area13048.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters23
Number of Separate Gas Meters23
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking13.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$4,500,000
MLS#OC25117518
List Date
05/27/2025
Property Type
Multi-Family
Phone
(949) 290-7647
