9
See all 9 photos
$2,149,000
Est. payment /mo
6,892 SqFt
Pending
1332 Walnut Avenue Long Beach, CA 90813
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,892 sqft
Price per Sqft $311
MLS Listing ID CL25590423
HOA Y/N No
Year Built 1963
Lot Size 6,525 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
PRICED TO SELL - 9.8 GRM AND 6.7% CAP on in-place rents, with upside to a 9.0 GRM and 7.6% CAP. 9 units on the Eastside of Long Beach. Property was heavily rehabbed in 2020. 8 of 9 units were taken down to the studs with everything updated. Property has new windows, updated plumbing, electrical, kitchens and baths. Additionally, all new tile flooring was installed (that looks like wood laminate) which will last for years to come. Buyer to verify. Main Electric Panel is 400 AMPS - Buyer to verify. There is onsite laundry and the building is secured. There are 4 garages in the rear that could be rented for $125/garage or converted into 1-2 ADU's - Buyer to verify. There is also one garage in the front of the building. There are 2 potential Loan Options on the property. Option 1 - The Buyer can obtain a new loan with 25-30% down. Option 2 - Buyer can assume the existing, fully amortized loan of $1.830.000 fixed at 3.4% until November 2026 at which point it can adjust as much as 2.00%. This option allows a Buyer to purchase this property with less than 20% down. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 7261027007
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jonathan Swire • The Agency
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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