Log In/Sign Up
Your email has been sent.
932 Walnut Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
2 Units
Investment Highlights
- New electrical
- New plumbing
Executive Summary
Two large totally renovated 4 bedroom homes on a lot for the price of one! Move-in ready front house plus an upgraded rear house generating enough consistent income to cover more than 50% of your mortgage with a long-term stable rental history. With over 2700 of total rentable square footage, both houses have been totally modernized including renovated bathrooms & kitchens, new windows, vinyl flooring, overhead lighting, open concept floor plans, and in-unit laundry. Extensive major system replacements have been done with new electrical wiring and panels (2019), full plumbing supply & drain re-pipe (2025), sewer line (2024), and new fencing and security gate (2022). Both homes also offer attractive outdoor spaces making each feel like a true single family residence. A covered porch and large patio in the front plus a private side deck with an outdoor bonus room give the front home tons of indoor/outdoor living while the rear home offers a private patio plus gated parking for 2 cars. The two units are separately metered for gas an electrical, minimizing expenses. Located at the border between Craftsman Village and Cambodia town neighborhoods, the location is very walkable with many local markets and shops. Short commutes of 10 blocks to the beach, 2 miles to the 710 freeway, and 2.5 miles to the 405. The Blue line with express service to downtown LA is just 1 mile to the West.
Property Facts
| Price Per Unit | $525,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 2,725 SF |
| Cap Rate | 4.29% | Average Occupancy | 50% |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Gross Rent Multiplier | 13.78 | Year Built/Renovated | 1918/2019 |
| No. Units | 2 | Parking Ratio | 0.73/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | LBR2N | ||
| Price Per Unit | $525,000 |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.78 |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.13 AC |
| Building Size | 2,725 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built/Renovated | 1918/2019 |
| Parking Ratio | 0.73/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LBR2N |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+3 | 1 | $3,500 | - |
| 4+2 | 1 | $2,850 | - |
1 of 38
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
