1435 Walnut Ave Long Beach, CA 90813
Active
$1,400,000
6 Units
12 Beds
6 Baths
4,633 Area(sq.ft.)
6,614 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 2 | 1 | No | $ 1,698 | $ 10,189 | $ 13,500 |
| 1 | 6 | 12 | 6 | $ 10,188 | $ 61,134 | $ 81,000 |
| MLS #: | 24-463141 |
| Days On Market: | 12 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 302 |
| Price per unit: | $ 233,333 |
| Year Built: | 1964 |
Property Details
1435 Walnut Ave. is a 6-unit multifamily property located in an opportunity zone. This value-add asset has all two-bedroom floorplans with over 770 SF each. Recent capital improvements include new roof installed in 2024.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 118,600 |
| Total Annual Expense: | $ 46,406 |
| Net Operating Income: | $ 72,194 |
| Gross Annual Income: | $ 122,268 |
| Gross Rent Multiplier: | 11.45 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Parking Garage: | Garage - 1 Car |
Interior
| AC/Cooling: | Other |
| Equipment: | None |
| Heating: | Other |
Exterior
Detailed Map
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