NOT LISTED FOR SALE

1335 Walnut Ave Long Beach, CA 90813

Cambodia Town Neighborhood

Estimated Value: $1,451,812 - $1,737,000

8 Beds
7 Baths
3,413 Sq Ft
$467/Sq Ft Est. Value

Last Sold June 07, 2022

Last sale price $1,388,000 $407 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $9,967/month

30 Days on Market

Highlights

  • 2 Car Garage
  • Long Beach Polytechnic High School Rated A
  • 4-minute walk to Douglas Macarthur Park

About This Home

As of June 2022

1335 Walnut Ave. is a 7-unit multifamily investment opportunity located within Cambodia Town in Long Beach, CA. Unit mix includes (4) 1B/1B, (2) Studios & (1) 2B/1B Single-Family Residence.

Last Agent to Sell the Property

George Felix

CB Richard Ellis, Inc. License #01327006 Listed on: 03/07/2022

Last Buyer's Agent

Nina Le

Buckingham Investments, Inc License #02126566

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,308 Sq Ft Lot
  • Lot Dimensions are 50x128

Parking

  • 2 Car Garage

Interior Spaces

  • 3,413 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Community Details

  • 3 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 7268-040-017

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Living Area: 3413
  • Lot Acreage: 0.1448
  • Lot Dimensions: 50x128
  • Stories: 2
  • Year Built: 1929
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 410.20

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 2
  • Parking Garage: Garage
  • Total Parking: 2

Lot Info

  • Assessed Improvement Percent: 47.71
  • Assessed Improvement Value: 216004
  • Assessed Land Percent: 52.29
  • Assessed Land Value: 236718
  • Total Assessed Value: 452722
  • Assessor Parcel Number: 7268-040-017
  • Lot Size Area: 6308

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.24
  • Number Of Units: 7
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2013
Sold by
Mchugh Richard
Bought by
Mchugh Lb Holdings Llc
Current Estimated Value
$1,594,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,000
Outstanding Balance
$218,967
Interest Rate
3.49%
Mortgage Type
Commercial
Estimated Equity
$1,375,439

Purchase Details

Closed on
Apr 29, 2011
Sold by
U S Bank National Association
Bought by
Mchugh Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
4.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 8, 2011
Sold by
Mchugh Theresa
Bought by
Mchugh Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,500
Interest Rate
4.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2010
Sold by
Laija Hector
Bought by
Bank Of America National Association

Purchase Details

Closed on
Feb 24, 2005
Sold by
Balasuriya Thilina and Jayawardena Monisha D
Bought by
Laija Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2004
Sold by
Balasuriya Thilina
Bought by
Balasuriya Thilina and Jayawardena Monisha D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
May 21, 2003
Sold by
Jayawardena Monisha D
Bought by
Balasuriya Thilina L P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 10, 2003
Sold by
Barua Jay
Bought by
Balasuriya Thilina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
5.71%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 17, 1999
Sold by
Wynbergen Trust Van Wynbergen Lionel Co Tr Va
Bought by
Barua Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,250
Interest Rate
7.76%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 14, 1993
Sold by
Vanwynbergen Lionel
Bought by
Vanwynbergen Lionel and Vanwynbergen Elvira Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mchugh Lb Holdings Llc -- Fidelity National Title Oran
Mchugh Richard $382,500 Ticor Title Company
Mchugh Richard -- Ticor Title Company
Bank Of America National Association $468,096 None Available
Laija Hector $650,000 Commonwealth Title
Balasuriya Thilina -- Chicago Title Company
Balasuriya Thilina L P -- Lawyers Title Company
Balasuriya Thilina -- Lawyers Title Company
Barua Jay $165,000 North American Title Co
Vanwynbergen Lionel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mchugh Lb Holdings Llc $311,000
Closed Mchugh Richard $192,500
Previous Owner Mchugh Richard $96,250
Previous Owner Laija Hector $552,500
Previous Owner Balasuriya Thilina $357,000
Previous Owner Balasuriya Thilina $255,000
Previous Owner Barua Jay $140,250
Closed Laija Hector $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2022 06/07/22 Sold $1,388,000 -0.9% $407 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $1,400,000 0.0% $410 / Sq Ft
07/21/2014 07/21/14 Rented $850 0.0% --
06/21/2014 06/21/14 Under Contract -- -- --
12/18/2013 12/18/13 For Rent $850 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

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 $19,069 $1,472,956 $955,087 $517,869
2024 $19,069 $1,444,075 $936,360 $507,715
2023 $18,743 $1,415,760 $918,000 $497,760
2022 $6,582 $461,776 $241,452 $220,324
2021 $6,424 $452,722 $236,718 $216,004
2020 $6,408 $448,081 $234,291 $213,790
2019 $6,333 $439,297 $229,698 $209,599
2018 $6,101 $430,685 $225,195 $205,490
2016 $5,615 $413,962 $216,451 $197,511
2015 $5,405 $407,745 $213,200 $194,545
2014 $5,405 $399,759 $209,024 $190,735
Source: Public Records

Agents Affiliated with this Home

  • George Felix

    Seller's Agent in 2022

    George Felix

    CB Richard Ellis, Inc.

    (714) 926-2202

    1 in this area

    45 Total Sales

    George Felix
    Section Image

  • N

    Buyer's Agent in 2022

    Nina Le

    Buckingham Investments, Inc

  • R

    Seller's Agent in 2014

    Rich McHugh

    Realty One Group West

    Section Image
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Map

Source: The MLS

MLS Number: 22-134165

The MLS

APN: 7268-040-017

California Los Angeles County Long Beach 90813 Cambodia Town

1335 Walnut Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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