1323 Walnut Ave

Long Beach, CA 90813

6,362 sq ft lot
Built 1922

Listed by: Buckingham Investments, Inc. · 4242122321

About this home

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.

Home details

Interior

Levels: Two
Laundry: None

Exterior & lot

Lot size: 6,362 sq ft (0.15 acres)
Lot features: 0-1 Unit/Acre
Pool: None
Garage spaces: 0
Parking: Gated
Common walls: No Common Walls

Property & community

Property type: Commercial/Residential
Year built: 1922
Community: Urban, Sidewalks
County: Los Angeles
MLS #: IN26149247
Listed: Jul 9, 2026

Location

Listed by: Buckingham Investments, Inc. · 4242122321

Based on information from the California Regional Multiple Listing Service, Inc. Information is deemed reliable but not guaranteed. All data, including measurements and calculations of area, should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting this information.

Listing data last updated Oct 18, 2026 3:30 am.