1408 Walnut Long Beach, CA $ 1,250,000
1408 Walnut
$ 1,250,000
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1408 Walnut

Long Beach, CA, 90813
$ 1,250,000
Baths1.0 Sq 3,538

Monthly Estimate*

$ 7,798

Listed by Marterra Real Estate
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View a Virtual Tour
Studio

Multi-Family Home for sale in Long Beach, CA

for $1,250,000 with 1 full bath. This 3,538 square foot home was built in 1929 on a lot size of 0.1126.

Substantially renovated in 2022, 1408 Walnut Avenue is a fully stabilized four-unit multifamily investment property located in the heart of Long Beach. With modernized interiors, strong in-place rents, and a prime location near employment centers, this property checks all the boxes for a reliable long-term hold. Each unit has its own parking garage! Major improvements completed in 2022 include a complete re-piping of the entire property to pex plumbing, Units B, C and D have renovated kitchens and bathrooms with new cabinetry, countertops and fixtures, new flooring and paint and lighting throughout. The exterior was just freshly re-painted and this 4-plex has ADU potential by converting existing garages! Situated near Downtown Long Beach, Signal Hill, and key freeways, 1408 Walnut offers tenants excellent access to retail, dining, schools, and transit, ensuring strong rental demand.

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Multi-Family Pending

Price

$ 1,250,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1126

Year Built

1929

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

OC25243436

Days on Market

67

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Appliances Gas Range
HOA Fee 0
Garage Spaces 4
Pool Features None
Exclusions all refrigerators and washer/dryers
Year Built 1929
Tenant Pays Cable TV Electricity Gas Insurance Trash Collection Water
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 101880
Community Features Sidewalks
County Los Angeles
Net Operating Income 80769
Operating Expense 21111
Insurance Expense 4961
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Poly High (PH)
Garage Y/N true
Special Listing Conditions Standard
Status Pending
Directions From 14th Street turn onto Walnut
City Long Beach
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area 9 - Poly High
Lot Size Units Square Feet
Lot Size Square Feet 4904
Number of Units Leased 4
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Trash Expense 0
Water Sewer Expense 720
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Pending
Year Built Source Public Records
Tax Lot 52
Total Actual Rent 8225
Property Sub Type Additional Quadruplex
Taxes 13750
Cap Rate 6.5
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Interior
Flooring Vinyl
Fireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Gas Dryer Hookup Inside
Entry Level 1
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Exterior
Parking Features Garage
Lot Features Street Level
Water Source Public
Total Parking 4
Lot Size Area 4904
Number of Buildings 1
Building Area Total 3538
Lot Size Acres 0.1126
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 0
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Marterra Real Estate

Broker

christine@marterra.com

Email

Affordability Calculator

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$7,798
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,250,000 Listed Price

Map


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1408 Walnut, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,250,000 with 3,538 sqft and a lot size of 0.1126. 1408 Walnut is a studio with 1.0 baths and was built in 1929. The property's zip code is 90813 which is in Long Beach, CA