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    1056 Walnut Ave

    Long Beach, CA 90813
    • $2,550,000
    • STATUS: Active
    • ON SITE: 69 days
    • MLS #: 21-716000
    UPDATED: 47 min ago
    $2,550,000
    • 19
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,892
      SQFT
    • $370
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    New Financials!! Building is now operating at a 4.56% Cap Rate with Upside! | Capital Improvements & Renovated Units - The building features new paint, new windows and three units have been slightly renovated. | Attractive New Debt Available - Historically low interest rates allow strong returns day 1. | Desirable Unit Mix - The buildings units comprise of (1) 1 bed / 1 bath, (6) 2 beds / 1 bath and (2) 3 bed / 1 bath. | Gentrifying Long Beach Location | Located East of Alamitos Ave and South of Anaheim St, the asset lies about 1.5 miles from Alamitos Beach and about 2.5 miles from Belmont Shore.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T12:42:47.773. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.deserthouseseekers.com/homes/115839849
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    1056 Walnut Ave Long Beach, CA 90813

    • Price: $2,550,000
    • Status: Active
    • Updated: 47 min ago
    • MLS #: 21-716000
    19
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,892
    SQFT
    $370
    $/SQFT
    1962
    Built
    Neighborhood:
    Downtown Area, Alamitos Beach
    County:
    Los Angeles
    Area:
    Downtown Area, Alamitos Beach
    Property Description
    New Financials!! Building is now operating at a 4.56% Cap Rate with Upside! | Capital Improvements & Renovated Units - The building features new paint, new windows and three units have been slightly renovated. | Attractive New Debt Available - Historically low interest rates allow strong returns day 1. | Desirable Unit Mix - The buildings units comprise of (1) 1 bed / 1 bath, (6) 2 beds / 1 bath and (2) 3 bed / 1 bath. | Gentrifying Long Beach Location | Located East of Alamitos Ave and South of Anaheim St, the asset lies about 1.5 miles from Alamitos Beach and about 2.5 miles from Belmont Shore.
    Exterior Features

    Entry Location Ground Level W/Steps Exterior Construction Stucco Lot Size Area 6085 Other Structures None Parking Garage Garage - 4+ Car Pool Description None Pool YN No Spa None Spa YN No Total Parking 6

    Interior Features

    Baths Total 9.00 Cooling None Equipment Other Heating Other Laundry Community Laundry Equipment Own

    Property Features

    Disability Access None Garage Income 900.00 Gross Income 179770 Gross Operating Income 174420 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 116217.00 Number Of Buildings 1 Number Of Units 9 Owner Pays WaterGardener Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 58203 Type Of Units Mix Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of John Katnik DRE#02002695 of James Capital Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-16T12:42:47.773. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Zwemmer Realty Group | Keller Williams Realty
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