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$1,725,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago
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Great turnkey investment opportunity in a high-demand Long Beach rental market offered at a 5.6% cap rate! This fully stabilized 6-unit multifamily asset features a strong mix of four 1-bed and two 2-bed units, all completely updated within the past year and performing at maximum market rents. Perfect for investors seeking immediate cash flow with minimal deferred maintenance. Completely updated electrical system rewired within the past year, reducing future CapEx risk. The property features a gated rear parking lot offering 8 dedicated spots and a 1:1 tenant-to-parking ratio. Easy freeway access just minutes from the 710, 405, and 605 freeways, the A Line Metro, and major employment hubs. Steps to the vibrant Anaheim Corridor and Cambodia Town dining, and blocks from the beach, walking paths, and ocean views.

Full Property Details for 1323 Walnut Ave

General

  • Price: $1,725,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: IN26149247
  • Updated: 7/9/2026
  • Days on Market: 5 days
  • Added to Site: 5 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None

Parking

  • Parking Features: Gated
  • Parking: Gated

Location

  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: Cross Streets: Anaheim

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 7
  • # Electric Meters: 1

Structural Information

  • Entry Location: Front
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,888
  • Year Built: 1922

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.1461
  • Lot Size (Sq. Ft.): 6,362
  • Lot Size Source: Assessor
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $443.67
  • Price Per Unit: 287500

Listed by Buckingham Investments, Inc., Tyson Storr

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Listing agent

— 1323 Walnut Ave —

  • Tyson Storr

    Buckingham Investments, Inc.

4242122321

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1323 Walnut Ave

School District:Long Beach Unified School District
NameGradesDistance
Whittier Elementary School, Long Beach, CA
1761 Walnut Avenue, Long Beach, CA 90813
K-50.4 mi
Franklin Classical Middle School
540 Cerritos Avenue, Long Beach, CA 90802
6-80.7 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1323 Walnut Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/09/2026
Listed
$1,725,000
64.29%
MLS
10/10/2017
Sold
$1,050,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1323 Walnut Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,441
6%
$1,194,716
4%
2023
$15,461
6%
$1,148,326
2%
2022
$14,523
2%
$1,125,810
2%
2021
$14,220
—
$1,103,736
1%
2020
$14,183
1%
$1,092,420
2%
2019
$14,017
40%
$1,071,000
43%
2018
$9,979
-1%
$750,000
—
2017
$10,053
12%
$750,000
7%
2016
$8,939
3%
$700,000
—
2015
$8,709
5%
$700,000
7%
2014
$8,317
3%
$655,000
—
2013
$8,101
—
$655,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Buckingham Investments, Inc., Tyson Storr

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1323 Walnut Ave, Long Beach, CA 90813 (MLS# IN26149247) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 1323 Walnut Ave is currently listed for $1,725,000 and was received on July 09, 2026. Want to learn more about 1323 Walnut Ave? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

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