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1632 Walnut Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
21 Units
Property Facts
| No. Units | 21 | Building Size | 10,722 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 0.47/1,000 SF |
| Lot Size | 0.38 AC | ||
| Zoning | LBR2N | ||
| 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 comprised of two buildings consisting of one studio, eighteen one-bedroom units, and two two-bedroom units. Investors are presented with a value-add opportunity to increase rental upside 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 University, Long Beach.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | $1,181 | 500 |
| 2+1 | 2 | $1,369 | 624 |
| Studios | 1 | $1,075 | 475 |
Property Taxes
| Parcel Number | 7261-012-005 | Improvements Assessment | $1,307,991 |
| Land Assessment | $1,471,029 | Total Assessment | $2,779,020 |
Property Taxes
Parcel Number
7261-012-005
Land Assessment
$1,471,029
Improvements Assessment
$1,307,991
Total Assessment
$2,779,020
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