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$1,250,000

  • Sold
  • Closed
  • Multi-Family
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Substantially renovated in 2022, 1408 Walnut Avenue is a fully stabilized four-unit multifamily investment property located in the heart of Long Beach. With modernized interiors, strong in-place rents, and a prime location near employment centers, this property checks all the boxes for a reliable long-term hold. Each unit has its own parking garage! Major improvements completed in 2022 include a complete re-piping of the entire property to pex plumbing, Units B, C and D have renovated kitchens and bathrooms with new cabinetry, countertops and fixtures, new flooring and paint and lighting throughout. The exterior was just freshly re-painted and this 4-plex has ADU potential by converting existing garages! Situated near Downtown Long Beach, Signal Hill, and key freeways, 1408 Walnut offers tenants excellent access to retail, dining, schools, and transit, ensuring strong rental demand.

Full Property Details for 1408 Walnut

General

  • Sold For: $1,250,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: OC25243436
  • Added to Site: 88 day(s) ago

Interior

  • Rooms/Areas: Kitchen, Living Room
  • Fireplace(s): None
  • Appliances: Gas Range
  • Flooring: Vinyl

Rooms

Other Rooms

  • Laundry: Gas Dryer Hookup, Inside

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 4
  • Parking Features: Garage
  • Parking: Garage

Location

  • Area: 9 - Poly High
  • County: Los Angeles
  • Development Name: 9 - Poly High
  • Driving Directions: From 14th Street, turn onto Walnut

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Gas Meters: 4
  • # Electric Meters: 4

Structural Information

  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 3,538
  • Year Built: 1929

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: 2

Unit 4

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

Lot Features

  • Lot Size (Acres): 0.1126
  • Lot Size Source: Public Records
  • Lot Description: Level with Street

Financial Considerations

  • Price Per Sq. Ft.: $353.31
  • Price Per Unit: 312500

Disclosures and Reports

  • Exclusions: all refrigerators and washer/dryers

Listed by Marterra Real Estate, Christine Morgan and Marterra Real Estate, Daniel Morgan
Sold by Y Realty, Marvin Phillip

Listing agents

— 1408 Walnut —

  • Christine Morgan

    Marterra Real Estate

  • Daniel Morgan

    Marterra Real Estate

949-910-1042

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 1408 Walnut

School District:Long Beach Unified School District
NameGradesDistance
Whittier Elementary School, Long Beach, CA
1761 Walnut Avenue, Long Beach, CA 90813
K-50.3 mi
Franklin Classical Middle School
540 Cerritos Avenue, Long Beach, CA 90802
6-80.8 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1408 Walnut

Date
Details
Price
Change
Source
12/23/2025
Sold
$1,250,000
—
MLS
10/20/2025
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Marterra Real Estate, Christine Morgan and Marterra Real Estate, Daniel Morgan
Sold by Y Realty, Marvin Phillip

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1408 Walnut, Long Beach, CA 90813 (MLS# OC25243436) is a Multi-Family property that was sold at $1,250,000 on December 23, 2025. Want to learn more about 1408 Walnut? Do you have questions about finding other Multi-Family real estate for sale in Poly High? You can browse all Poly High real estate or contact a Coldwell Banker agent to request more information.