$1,449,000

Estimated payment $9,503/month

Total Views 100
12 Beds
5 Baths
3,993 Sq Ft
$363 Price per Sq Ft

Highlights

  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Heating Available

About This Home

834 Walnut presents a rare opportunity to acquire a large, well-maintained 4-unit apartment building just 8 blocks from the beach in one of Long Beach’s most desirable rental markets. Situated on a 6,065 sqft lot, the property offers approximately 3,993 sqft of living space and features an ideal unit mix for both investors and owner-occupants. The front “owner’s unit” is exceptionally large and consists of 6 bedrooms, 2 bathrooms, and a spacious laundry room, creating a variety of potential use cases including owner occupancy, multigenerational living, or a high-income “rent by the room” strategy. The rear of the property includes (3) well-positioned 2-bedroom/1-bath units with strong in-place rents, providing stable cash flow from day one. The property also features a shared laundry room with coin-operated machines for additional income, plus (5) garages and driveway parking. Ideally located near Downtown Long Beach, 4th Street Retro Row, Belmont Shore, and just 8 blocks from the beach, this property offers strong appeal for owner-occupants, long-term investors, ADU developers, or buyers looking to maximize income through a rent-by-the-room strategy in the front unit.

Listing Agent

Cody Charnell

Sage Real Estate Group, Inc. Brokerage Phone: 562-896-3851 License #01950585 Listed on: 05/15/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,065 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 4 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,993 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Suburban Location
  • Heating Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5764
  • Assessor Parcel Number 7267018017
  • $1,027 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $927
  • Insurance Expense $4,000
  • Maintenance Expense $4,816
  • Pest Control $720
  • Professional Management Expense $6,621
  • Trash Expense $2,516
  • Water Sewer Expense $1,330
  • New Taxes Expense $18,113
  • Operating Expense $39,868
  • Gross Income $3,000
  • Net Operating Income $80,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

6,065 Sq Ft Lot

Parking

5

Listing Details

  • CapRate: 5.60
  • Professional Management Expense: 6621.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 1329.70
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7267018017
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 362.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 9.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Electric
  • Laundry Features: Inside, Common Area
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 2515.70
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6065.00
  • Lot Size Acres: 0.1392

Rental Info

  • Garage Rental Rate: 200.00
  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 926.56
  • Garage Income: 2400.00
  • Gross Income: 3000.00
  • Gross Multiplier: 11.60
  • Gross Scheduled Income: 121020.00
  • Insurance Expense: 4000.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 600.00
  • Lot Size Area: 6065.0000 Square Feet
  • Maintenance Expense: 4816.00
  • Net Operating Income: 80520.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 33.00
  • Rent Control: Yes
  • Total Expenses: 39868.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18113.00
  • Tax Lot: 1
  • Tax Tract Number: 5764.03
  • TaxOtherAnnualAssessmentAmount: 1027.00

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

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 $19,927 $1,489,200 $969,000 $520,200
2024 $17,741 $1,352,520 $879,138 $473,382
2023 $17,445 $1,326,000 $861,900 $464,100
2022 $16,378 $1,300,000 $845,000 $455,000
2021 $7,609 $565,976 $214,077 $351,899
2019 $7,501 $549,190 $207,728 $341,462
2018 $7,216 $538,422 $203,655 $334,767
2016 $6,625 $517,516 $195,748 $321,768
2015 $6,369 $509,743 $192,808 $316,935
2014 $6,341 $499,759 $189,032 $310,727
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2026 05/15/26 For Sale $1,449,000 -- $363 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
Grant Deed $1,286,000 Fidelity National Title
Grant Deed $1,286,000 Fidelity National Title
Grant Deed $1,300,000 Chicago Title
Interfamily Deed Transfer -- None Available
Grant Deed $423,000 First American Title
Interfamily Deed Transfer -- --
Gift Deed -- --
Grant Deed -- Provident Title
Quit Claim Deed -- Provident Title
Source: Public Records

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 $1,221,700 New Conventional
Closed $1,221,700 New Conventional
Previous Owner $75,000 No Value Available
Previous Owner $240,000 No Value Available
Previous Owner $222,000 No Value Available
Previous Owner $39,359 Seller Take Back
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26106205

California Regional Multiple Listing Service (CRMLS)

APN: 7267-018-017

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