1435 Walnut Ave - Apartments FOR SALE


Long Beach, CA 90813
$1,400,000 USD
949-725-8519
1435 Walnut Ave, Long Beach, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/9
null | 5.16% Cap Rate

1435 Walnut Ave
Long Beach, CA 90813


HIGHLIGHTS

  • Recent Capital Improvements - New Roof Installed (2024)
  • All Two-Bedroom Units
  • Value-Add Opportunity - Current Rents are Approx. 40% Below Market Level
  • Located in an Opportunity Zone
  • ADU Potential - Option to Convert Existing Garage/Storage Space into Additional Unit(s)
  • Desirable Long Beach Location (Walk Score: 84) - Less than 2-Miles from the Beach & Downtown Long Beach

OVERVIEW

1435 Walnut Ave. is a 6-unit multifamily property located in an opportunity zone. This value-add asset has all two-bedroom floorplans with over 770 SF each. Recent capital improvements include new roof installed in 2024.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,333

CAP RATE

5.16%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LBR2N

APN/PARCEL ID

7268-039-024

ASK ABOUT THIS PROPERTY

949-725-8519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

949-725-8519

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.