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1323 Walnut Ave
Long Beach CA 90813 US

$1,599,000

Active Listing ID IN26149247
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8 bed
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6.00 Bath (6 Full)
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Lot: 0.15 Acres
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Other

$1,599,000

Active Listing ID IN26149247
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1323 Walnut Ave Great turnkey investment opportunity in a high-demand Long Beach rental market offered at a 5.6% cap rate! 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 like the Port of Long Beach. Steps to the vibrant Anaheim Corridor and Cambodia Town dining, and blocks from the beach, walking paths, and ocean views.

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Property Features

  • Facts
  • Lot Size: 0.15 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 6

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 1599000
  • unparsedaddress: 1323 Walnut Ave
  • postalcity: Long Beach
  • stateorprovince: CA
  • country: US
  • postalcode: 90813
  • bathroomsfull: 6
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1461
  • lotsizeunits: Acres
  • lotsizearea: 0.1461
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.783335
  • longitude: -118.172179
  • listagentfullname: Tyson Storr
  • listagentemail: Tyson@buckinghaminvestments.com
  • listagentkey: 3yd-MRMLSCA-INSTORTYS
  • listagentmlsid: INSTORTYS
  • listagentpreferredphone: 4242122321
  • listagentofficephone: 4242122321
  • listofficekey: 3yd-MRMLSCA-IN2421
  • listagentstatelicense: 02179872
  • listofficemlsid: IN2421
  • disclaimer: Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1922
  • listingcontractdate: 2026-07-09
  • listagenturl: http://www.buckinghaminvestments.com
  • countyorparish: Los Angeles
  • parcelnumber: 7268040019
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 8
  • parkingfeatures: Gated
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bathroom 6, Bedroom 1, Bedroom 6, Bedroom 7, Bathroom 5, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2
  • speciallistingconditions: Standard
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.17218, 33.783337
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Listing Changed: 9/2/2026 2:16:28 PM GMT
Source Updated Date: 9/5/2026 6:54:38 PM GMT

Courtesy of: Tyson Storr, Buckingham Investments, Inc., Tyson@buckinghaminvestments.com

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.