1323 Walnut Ave Long Beach, CA ^$ 1,725,000

1323 Walnut Ave

^$ 1,725,000

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Recently Listed

1323 Walnut Ave

Long Beach, CA, 90813

^$ 1,725,000

Studio Baths1.0 Sq 3,888

Monthly Estimate*

^$ 10,892

Listed by Buckingham Investments, Inc.

1323 Walnut Ave, Long Beach, CA 90813 - Image 1

1323 Walnut Ave, Long Beach, CA 90813 - Image 2

1323 Walnut Ave, Long Beach, CA 90813 - Image 3

1323 Walnut Ave, Long Beach, CA 90813 - Image 4

1323 Walnut Ave, Long Beach, CA 90813 - Image 5

1323 Walnut Ave, Long Beach, CA 90813 - Image 6

1323 Walnut Ave, Long Beach, CA 90813 - Image 7

1323 Walnut Ave, Long Beach, CA 90813 - Image 8

1323 Walnut Ave, Long Beach, CA 90813 - Image 9

Studio

Multi-Family Home for sale in Long Beach, CA

for $1,725,000 with 1 full bath. This 3,888 square foot home was built in 1922 on a lot size of 0.1461.

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.

Multi-Family Active

Price

^$ 1,725,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1461

Year Built

1922

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

IN26149247

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 0

Pool Features None

Year Built 1922

Stories Count 2

Levels Two

Property Subtype Mixed Use

Gross Income 0

Community Features Sidewalks Urban

County Los Angeles

Net Operating Income 97429

Operating Expense 51563

Insurance Expense 9595

New Construction false

Property Type Residential Income

Subdivision Name Walnut

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions Cross Streets: Anaheim

City Long Beach

Entry Location Front

Senior Community Y/N false

Open Parking Spaces 8

Number Of Units Total 6

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units Square Feet

Lot Size Square Feet 6362

Listing Terms 1031 Exchange

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N false

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Active

Year Built Source Public Records

Tax Lot 7

Property Sub Type Additional Mixed Use

Cap Rate 5.6

Interior

Total Stories 2

Common Walls No Common Walls

Laundry Features None

Entry Level 1

Exterior

Parking Features Gated

Lot Features 0-1 Unit/Acre

Water Source Public

Total Parking 8

Lot Size Area 6362

Number of Buildings 2

Building Area Total 3888

Lot Size Acres 0.1461

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 7

Number of Separate Electric Meters 1

* Excluded Features

List By

Buckingham Investments, Inc.

Broker

Tyson@buckinghaminvestments.com

Affordability Calculator

$10,892

Per Month

Monthly Principal & Interest: $10,892
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,834,343

Percent of Sale Price 6%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/9/2026	$1,725,000		Listed Price

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1323 Walnut Ave, Long Beach, CA, 90813 is a Multi-Family Home for sale at $1,725,000 with 3,888 sqft and a lot size of 0.1461. 1323 Walnut Ave is a studio with 1.0 baths and was built in 1922. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 7/11/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1323 Walnut Ave

Multi-Family Home for sale in Long Beach, CA

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