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1435 Walnut Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Recent Capital Improvements - New Roof Installed (2024)
- Value-Add Opportunity - Current Rents are Approx. 40% Below Market Level
- ADU Potential - Option to Convert Existing Garage/Storage Space into Additional Unit(s)
- All Two-Bedroom Units
- Located in an Opportunity Zone
- Desirable Long Beach Location (Walk Score: 84) - Less than 2-Miles from the Beach & Downtown Long Beach
Property Facts
| No. Units | 6 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 4,633 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.51/1,000 SF |
| Zoning | LBR2N | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,633 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.51/1,000 SF |
| Zoning | LBR2N |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Fenced Lot
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,636 | 772 |
Property Taxes
| Parcel Number | 7268-039-024 | Improvements Assessment | $704,305 |
| Land Assessment | $765,550 | Total Assessment | $1,469,855 |
Property Taxes
Parcel Number
7268-039-024
Land Assessment
$765,550
Improvements Assessment
$704,305
Total Assessment
$1,469,855
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