This Multifamily Property is no longer advertised on LoopNet.com.

1632 Walnut Ave
Long Beach, CA 90813
Multifamily Property For Sale · 21 Units

Property Facts

No. Units 21
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.38 AC
Building Size 10,722 SF
Average Occupancy 100%
No. Stories 1
Year Built 1950
Parking Ratio 0.47/1,000 SF
Zoning LBR2N

Amenities

Unit Amenities

  • Heating
  • Refrigerator
  • Oven

Site Amenities

  • Courtyard
  • Fenced Lot
  • Gated

About 1632 WALNUT AVE , LONG BEACH, CA 90813

The Walnut Avenue Apartments sits on an oversized lot of 16,505 s.f. comprised of two buildings consisting of a studio, eighteen one-bedroom units, and two two-bedroom units. Investors are presented with a value-add opportunity allowing them to increase rents by 20%. The asset is located in the booming neighborhood of Eastside. This area is adjacent to Circle Area's restaurants, coffee shops, shopping, parks, nightlife venues and only a short drive to California State Long Beach.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 $1,075 475
1+1 18 $1,164 500
2+1 2 $1,369 624

Property Taxes

Property Taxes

Parcel Number
7261-012-005
Land Assessment
$1,471,029
Improvements Assessment
$1,307,991
Total Assessment
$2,779,020
  • Listing ID: 11530391

  • Date on Market: 2/8/2018

  • Last Updated:

  • Address: 1632 Walnut Ave, Long Beach, CA 90813

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}