1332 Walnut Ave | Long Beach, CA 90813
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- LoopNet Team
1332 Walnut Ave
Long Beach, CA 90813
9 Units in Long Beach-Heavily Updated-9.8 GRM · Multifamily Property For Sale
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9 Units
INVESTMENT HIGHLIGHTS
- 9 Units in Long Beach - NOT subject to Local Rent Control.
- 9.8 GRM and 6.7% CAP on in place rents - UPSIDE to 9.0 GRM and 7.6% CAP
- Assumable Financing (confirmed with lender) - put as little as 18% down
- 8 of 9 units heavily rehabbed down to the studs
- Excellent Unit Mix for the area
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING AND OM AND RENT ROLL
PROPERTY FACTS
| No. Units | 9 | Building Size | 6,892 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2020 |
| Building Class | C | Parking Ratio | 0.73/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | LBR2N | ||
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,892 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2020 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | LBR2N |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 500 |
| 2+1 | 6 | - | 750 |
| 3+1 | 2 | - | 945 |
PROPERTY TAXES
| Parcel Number | 7261-027-007 | Improvements Assessment | $2,384,585 |
| Land Assessment | $1,193,038 | Total Assessment | $3,577,623 |
PROPERTY TAXES
Parcel Number
7261-027-007
Land Assessment
$1,193,038
Improvements Assessment
$2,384,585
Total Assessment
$3,577,623
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