$4,500,000
PENDING

1334 Walnut Ave Long Beach, CA 90813

Cambodia Town Neighborhood

Estimated payment $28,972/month

Total Views 1,104
3 Beds
2 Baths
14,842 Sq Ft
$303 Price per Sq Ft

Highlights

  • 0.3 Acre Lot
  • Laundry Room
  • 4-minute walk to Douglas Macarthur Park
  • Long Beach Polytechnic High School Rated A

About This Home

Presenting an exceptional investment opportunity in Long Beach, CA. This distinguished 14,842 SF building, comprising 22 units, is tailor-made for savvy multifamily/low-rise/garden investors. Built in 1962, the property is strategically positioned in the thriving Long Beach rental market. With its newer windows, a superb mix of one- and two-bedroom ?oorplans, garage parking, separately metered for gas and electric, and on-site laundry facilities, this property offers a seamless and lucrative investment potential. Situated on two, adjacent parcels, the property does not require any on-site management. Don't miss out on this chance to add a robust asset to your portfolio. Schedule a viewing today and unlock the full potential of this exceptional property.

Listing Agent

Jason Kirklen

Kirklen Investment Group Brokerage Phone: 949-942-1302 License #01939655 Listed on: 05/27/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.3 Acre Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre
  • 7261027005

Parking

  • 13 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment
  • Flat Roof Shape

Interior Spaces

  • 14,842 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 6 / 1
  • Tax Tract Number 575
  • Assessor Parcel Number 7261027006
  • $4,140 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 22 Units

Amenities

  • Laundry Facilities

Building Details

  • 23 Separate Electric Meters
  • 23 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $1,200
  • Insurance Expense $16,771
  • Maintenance Expense $20,790
  • Professional Management Expense $18,424
  • Water Sewer Expense $25,872
  • New Taxes Expense $59,949
  • Operating Expense $143,782
  • Gross Income $409,581
  • Net Operating Income $265,799

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

13

Listing Details

  • Assessments: Yes
  • Price Per Unit: 204545
  • Professional Management Expense: 18424.00
  • Property Attached: Yes
  • Water Sewer Expenses: 25872.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7261027006
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 303.19

Exterior Features

  • Pool Private: No
  • Roof: Flat

Garage/Parking

  • Garage Spaces: 13.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 13.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7261027005
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 13048.00
  • Lot Size Acres: 0.2995

Rental Info

  • Garage Rental Rate: 75.00
  • Tenant Pays: Electricity, Gas

Multi Family

  • Garage Income: 900.00
  • Gross Income: 409581.00
  • Gross Operating Income: 409581.00
  • Gross Scheduled Income: 408294.00
  • Insurance Expense: 16771.00
  • Laundry Income: 228.00
  • Lot Size Area: 13048.0000 Square Feet
  • Maintenance Expense: 20790.00
  • Net Operating Income: 265799.00
  • Number Of Rented Garages: 12
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 22
  • Operating Expense: 143782.00
  • Other Income Description: included in gross operating in
  • Rent Control: No
  • Total Expenses: 143782.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 59949.00
  • Tax Area: 11933
  • Tax Block: 1
  • Tax Census Tract: 5752.02
  • Tax Lot: 6
  • Tax Tract Number: 575...
  • TaxOtherAnnualAssessmentAmount: 4140.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2025 05/31/25 Pending -- -- --
05/27/2025 05/27/25 For Sale $4,500,000 +11.1% $303 / Sq Ft
02/21/2019 02/21/19 Sold $4,050,000 -1.9% $530 / Sq Ft
11/05/2018 11/05/18 For Sale $4,130,000 -- $540 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25117518

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Cambodia Town

1334 Walnut Ave, Long Beach, CA

This home is located at 1334 Walnut Ave, Long Beach, CA 90813 and is currently priced at $4,500,000, approximately $303 per square foot. This property was built in 1962. 1334 Walnut Ave is a home located in Los Angeles County with nearby schools including Whittier Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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Jason Kirklen
Listing Agent
Jason Kirklen
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Kirklen Investment Group
(562) 620-8029