1323 Walnut Ave Long Beach, CA 90813
Cambodia Town NeighborhoodEstimated payment $10,769/month
Highlights
- Gated Parking
- Long Beach Polytechnic High School Rated A
- 4-minute walk to Douglas Macarthur Park
About This Home
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. Steps to the vibrant Anaheim Corridor and Cambodia Town dining, and blocks from the beach, walking paths, and ocean views.
Listing Agent
Buckingham Investments, Inc. Brokerage Phone: 4242122321 License #02179872 Listed on: 07/09/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 6,362 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,888 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Parking
- 8 Open Parking Spaces
- 8 Parking Spaces
- Parking Available
- Gated Parking
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 7 / B
- Assessor Parcel Number 7268040019
- $1,279 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 1 Separate Electric Meter
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $9,595
- Professional Management Expense $7,450
- Operating Expense $51,563
- Net Operating Income $97,429
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,441 | $1,194,716 | $341,347 | $853,369 |
| 2024 | $15,731 | $1,171,291 | $334,654 | $836,637 |
| 2023 | $15,461 | $1,148,326 | $328,093 | $820,233 |
| 2022 | $14,523 | $1,125,810 | $321,660 | $804,150 |
| 2021 | $14,220 | $1,103,736 | $315,353 | $788,383 |
| 2020 | $14,183 | $1,092,420 | $312,120 | $780,300 |
| 2019 | $14,017 | $1,071,000 | $306,000 | $765,000 |
| 2018 | $9,979 | $750,000 | $469,500 | $280,500 |
| 2016 | $8,939 | $700,000 | $438,200 | $261,800 |
| 2015 | $8,709 | $700,000 | $438,200 | $261,800 |
| 2014 | $8,317 | $655,000 | $410,000 | $245,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/09/2026 07/09/26 | For Sale | $1,725,000 | -- | $444 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Orange Coast Title Company | |
| Grant Deed | $1,050,000 | First American Title Company | |
| Grant Deed | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Grant Deed | $800,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Grant Deed | $266,000 | Fnt | |
| Grant Deed | $290,000 | First American Title Co | |
| Grant Deed | $300,000 | Nations | |
| Corporate Deed | -- | Lawyers Title Company | |
| Trustee Deed | $349,991 | Lawyers Title Company | |
| Grant Deed | $315,000 | United Title Company | |
| Grant Deed | $165,000 | North American Title Co | |
| Grant Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $800,000 | Construction | |
| Previous Owner | $595,000 | Commercial | |
| Previous Owner | $475,000 | Commercial | |
| Previous Owner | $290,000 | Commercial | |
| Previous Owner | $200,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IN26149247
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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