Log In/Sign Up
Your email has been sent.
932 Walnut Ave 2,725 SF Specialty Building Offered at $1,449,913 CAD at a 4.29% Cap Rate in Long Beach, CA 90813
Investment Highlights
- New electrical
- New plumbing
Executive Summary
Two large totally renovated 4 bedroom homes on a lot for the price of one! Move-in ready front house plus an upgraded rear house generating enough consistent income to cover more than 50% of your mortgage with a long-term stable rental history. With over 2700 of total rentable square footage, both houses have been totally modernized including renovated bathrooms & kitchens, new windows, vinyl flooring, overhead lighting, open concept floor plans, and in-unit laundry. Extensive major system replacements have been done with new electrical wiring and panels (2019), full plumbing supply & drain re-pipe (2025), sewer line (2024), and new fencing and security gate (2022). Both homes also offer attractive outdoor spaces making each feel like a true single family residence. A covered porch and large patio in the front plus a private side deck with an outdoor bonus room give the front home tons of indoor/outdoor living while the rear home offers a private patio plus gated parking for 2 cars. The two units are separately metered for gas an electrical, minimizing expenses. Located at the border between Craftsman Village and Cambodia town neighborhoods, the location is very walkable with many local markets and shops. Short commutes of 10 blocks to the beach, 2 miles to the 710 freeway, and 2.5 miles to the 405. The Blue line with express service to downtown LA is just 1 mile to the West.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$105,222
|
$38.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,157
|
$1.16
|
| Effective Gross Income |
$102,066
|
$37.46
|
| Taxes |
$18,124
|
$6.65
|
| Operating Expenses |
$21,801
|
$8.00
|
| Total Expenses |
$39,925
|
$14.65
|
| Net Operating Income |
$62,141
|
$22.80
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $105,222 |
| Annual Per SF | $38.61 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,157 |
| Annual Per SF | $1.16 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $102,066 |
| Annual Per SF | $37.46 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,124 |
| Annual Per SF | $6.65 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $21,801 |
| Annual Per SF | $8.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,925 |
| Annual Per SF | $14.65 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $62,141 |
| Annual Per SF | $22.80 |
Property Facts
| Price | $1,449,913 CAD | Property Subtype | Residential Income |
| Price Per SF | $532.08 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.29% | Building Size | 2,725 SF |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Gross Rent Multiplier | 13.78 | Year Built/Renovated | 1918/2019 |
| Property Type | Specialty | Opportunity Zone |
Yes
|
| Zoning | LBR2N | ||
| Price | $1,449,913 CAD |
| Price Per SF | $532.08 CAD |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.78 |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,725 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1918/2019 |
| Opportunity Zone |
Yes |
| Zoning | LBR2N |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7267-018-003 | Total Assessment | $1,008,671 CAD |
| Land Assessment | $652,225 CAD | Annual Taxes | $18,124 CAD ($6.65 CAD/SF) |
| Improvements Assessment | $356,447 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
7267-018-003
Land Assessment
$652,225 CAD
Improvements Assessment
$356,447 CAD
Total Assessment
$1,008,671 CAD
Annual Taxes
$18,124 CAD ($6.65 CAD/SF)
Tax Year
2025
1 of 38
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
932 Walnut Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.