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Walnut Six 1323 Walnut Ave 6 Unit Apartment Building $1,599,000 ($266,500/Unit) 6.10% Cap Rate Long Beach, CA 90813

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Executive Summary

Great turnkey investment opportunity in a high-demand Long Beach rental market. This fully stabilized 6-unit multi-family 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. 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.

Property Facts

Price	$1,599,000	Apartment Style	Low-Rise
Price Per Unit	$266,500	Building Class	C
Sale Type	Investment	Lot Size	0.15 AC
Cap Rate	6.10%	Building Size	3,888 SF
Sale Condition	1031 Exchange	No. Stories	2
Gross Rent Multiplier	10.41	Year Built/Renovated	1922/2025
No. Units	6	Parking Ratio	2.05/1,000 SF
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment Multifamily Dormitory
Zoning	LBR2N

Price	$1,599,000
Price Per Unit	$266,500
Sale Type	Investment
Cap Rate	6.10%
Sale Condition	1031 Exchange
Gross Rent Multiplier	10.41
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.15 AC
Building Size	3,888 SF
No. Stories	2
Year Built/Renovated	1922/2025
Parking Ratio	2.05/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LBR2N

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
1+1	4	-	600
2+1	2	-	700

1 1

Moderately walkable

70/100

Moderately drivable

70/100

Good public transit

60/100

Moderately bikeable

60/100

Source: Local Logic^®

Property Taxes

Parcel Number	7268-040-019	Improvements Assessment	$853,369
Land Assessment	$341,347	Total Assessment	$1,194,716

Property Taxes

Parcel Number

7268-040-019

Land Assessment

$341,347

Improvements Assessment

$853,369

Total Assessment

$1,194,716

(323) 719-4908

Contact

Johnny Chacon
Buckingham Investments

Listing ID: 41509274
Date on Market: 7/31/2026
Last Updated:
Address: 1323 Walnut Ave, Long Beach, CA 90813

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Walnut Six | 1323 Walnut Ave

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