About 1323 Walnut Ave
PRICE IMPROVEMENT - NOW OFFERED AT A 10.4 GRM AND 6.1 CAP RATE ON ACTUALS. Great turnkey investment opportunity in a high-demand Long Beach rental market. This fully stabilized 6-unit multifamily 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, reducing future CapEx risk. 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. Steps to the vibrant Anaheim Corridor and Cambodia Town dining, and blocks from the beach, walking paths, and ocean views.
Features of 1323 Walnut Ave
| MLS® # | IN26149247 |
|---|---|
| Price | $1,599,000 |
| Bedrooms | 8 |
| Bathrooms | 6.00 |
| Acres | 0.15 |
| Year Built | 1922 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 1323 Walnut Ave |
|---|---|
| Area | 9 - Poly High |
| Subdivision | Walnut |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90813 |
Amenities
| Parking Spaces | 8 |
|---|---|
| Parking | Gated |
| Garages | Gated |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | ZeroToOneUnitAcre |
|---|
Additional Information
| Date Listed | July 9th, 2026 |
|---|---|
| Days on Market | 64 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Tyson Storr |
|---|---|
| Office | Buckingham Investments, Inc. |