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1111 Walnut Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
3 Units
Executive Summary
This attractive 3-unit income property features a desirable unit mix consisting of one spacious 2-bedroom, 1-bath unit and two well-appointed 1-bedroom, 1-bath units, offering broad appeal to a variety of tenants. Each residence provides a comfortable and functional layout designed to maximize living space and everyday convenience. The property also includes three dedicated on-site parking spaces, a valuable amenity that enhances tenant satisfaction and rental demand. With its efficient unit configuration, off-street parking, and strong income-producing potential, this triplex presents an excellent opportunity for investors seeking a stable multifamily asset or owner-users looking to offset occupancy costs with rental income. Its versatile layout and attractive unit mix make it a compelling addition to any real estate portfolio. Plus, a new roof was installed in 2025 which is a great enhancement to the property.
Property Facts
| Price Per Unit | $308,000 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.19% | Lot Size | 0.12 AC |
| Gross Rent Multiplier | 16.14 | Building Size | 2,064 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Zoning | LBR2N - Two-family Residential, standard lot | ||
| Price Per Unit | $308,000 |
| Sale Type | Investment |
| Cap Rate | 6.19% |
| Gross Rent Multiplier | 16.14 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,064 SF |
| No. Stories | 2 |
| Year Built | 1948 |
| Zoning | LBR2N - Two-family Residential, standard lot |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,525 | - |
| 1+1 | 2 | $1,650 | - |
Property Taxes
| Parcel Number | 7267-001-001 | Improvements Assessment | $125,599 |
| Land Assessment | $301,446 | Total Assessment | $427,045 |
Property Taxes
Parcel Number
7267-001-001
Land Assessment
$301,446
Improvements Assessment
$125,599
Total Assessment
$427,045
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