$2,050,000 - 1420 Walnut Avenue, Long Beach

  • 0Beds
  • Baths
  • 7,029SQ. Feet
  • 0.15Acres

We are pleased to present an 8-unit multi-family property located in Long Beach, CA. The unit mix consists of (2) 3-Bedrooms / 2-Bathroom units, (4) 2-bedroom / 1-Bathroom units and (2) 1-Bedroom / 1-Bathroom units. The structure was built in 1963 and is 7,029 rentable square feet on a 6,323 square foot lot. This property has a great amount of potential to add value and raise rents in order to increase cash flow on this asset and ensure to meet current market rents. Owners enjoy the high demand for rentals in a coastal city of Long Beach, as well as shopping, restaurants and nightlife in Downtown Long Beach and the surrounding areas. The City of Long Beach continues to progress forwards and is currently experiencing a major redevelopment of $2.2 billion. An example of this large scale redevelopment is the new Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center and the surrounding areas will further continue Long Beach's ability to attract renters due to its strong economy and high quality of life.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW19056424
  • Price:$2,050,000
  • Bathrooms:0.00
  • Square Footage:7,029
  • Acres:0.15
  • Year Built:1963
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1420 Walnut Avenue
  • Area:Eastside, Circle Area (3)
  • Subdivision:Eastside (ES)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Amenities

  • Parking Spaces:4
  • # of Garages:4

Interior

  • Appliances:None
  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:11-15 Units/Acre

Additional Information

  • Date Listed:March 13th, 2019
  • Days on Market:40
  • Zoning:LBR2N

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Eastside (es)

  • City:
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  • Price Range:
    $699,999 - $4,275,000
  • Current Listings:
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  • HOA Dues:
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  • Average Price per Square Foot:
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Other (othr)

  • City:
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  • Price Range:
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  • Current Listings:
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  • HOA Dues:
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  • Average Price per Square Foot:
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Provided By: Kevin King(01158184), Marcus & Millichap.

Based on information from California Regional Multiple Listing Service, Inc. as of April 23rd, 2019 at 7:07am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.