1420 Walnut Avenue

Long Beach, CA 90813 — Eastside (ES), Los Angeles County

  • beds
  • baths
  • sqft
  • 6,324 sqft lot
  • 1963 build
  • on site

We are pleased to present an 8-unit multi-family property located in Long Beach, CA. The unit mix consists of (2) 3-Bedrooms / 2-Bathroom units, (4) 2-bedroom / 1-Bathroom units and (2) 1-Bedroom / 1-Bathroom units. The structure was built in 1963 and is 7,029 rentable square feet on a 6,323 square foot lot. This property has a great amount of potential to add value and raise rents in order to increase cash flow on this asset and ensure to meet current market rents. Owners enjoy the high demand for rentals in a coastal city of Long Beach, as well as shopping, restaurants and nightlife in Downtown Long Beach and the surrounding areas. The City of Long Beach continues to progress forwards and is currently experiencing a major redevelopment of $2.2 billion. An example of this large scale redevelopment is the new Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center and the surrounding areas will further continue Long Beach's ability to attract renters due to its strong economy and high quality of life. Schedule a Private Showing

Listing courtesy of CRMLS_CA / Kevin King / Marcus & Millichap

MLS# PW19056424 — Report a problem

Property details for 1420 Walnut Avenue

Last refreshed 10 minutes ago

The Building

Year Built:
1963
Year Built Source:
Assessor
New Construction:
No
Total Number Of Units:
8
Senior Community:
No
Zoning:
LBR2N

Interior

Laundry:
None

Financial & Terms

Tax Lot
52

Location

Directions:
14th Street & Walnut AVE
Common Walls:
2+ Common Walls
Latitude:
33.78484400
Longitude:
-118.17167300

The Property

Lot Features:
11-15 Units/Acre
Garage Spaces
4.00
Parking Spaces:
4.00
Pool:
None
Private Pool:
No
Parcel Number:
7261014025
Tax Tract:
575202

Listing Agent

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No listing contact info available

The Listing

Standard Status:
Active

Utilities

Sewer:
Public Sewer, Septic Type Unknown, Unknown
Water Source:
Public

The Community

Features:
Curbs, Sidewalks
Subdivision:
Eastside (ES)

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Monthly cost estimate

1420 Walnut Avenue Asking price
$1,995,000
Mortgage
Principal & interest
Assumes 20% down, 30 yr.
fixed, good credit

$7,711

Taxes N/A
Insurance $548
Utilities N/A
Total $8,259/mo.
This is an estimate

What it’s like to live at 1420 Walnut Avenue

Your commute

WalkScore®

Provided by WalkScore® Inc.

89

Very Walkable

Soundscore™

Provided by HowLoud

65

Loud

Loud Moderate Quiet

Internet Speed

Provided by BroadbandNow®

300 Mbps

About internet speed

Charter Spectrum

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Sale history for 1420 Walnut Avenue

DateEventPrice% ChangeSource
May 14, 2019Price Changed$1,995,000-2.7%CRMLS_CA
Apr 11, 2019Price Changed$2,050,000-2.4%CRMLS_CA
Mar 13, 2019Listed / Active$2,100,000CRMLS_CA

Schools near 1420 Walnut Avenue

2

Whittier Elementary School

Public K-5

7

Polytechnic High School

Public 9-12

5

Franklin Classical Middle School

Public 6-8

2

Whittier Elementary School

Public K-5

7

Lincoln Elementary School

Public K-5

N/A

Clear Passage Educational Center

Public K-K

N/A

Nelson Academy

Public K-K

8

Alvarado Elementary School

Public K-5

5

Lee Elementary School

Public K-5

6

Roosevelt Elementary School

Public K-5

N/A

Huntington Academy

Private K-4

5

Franklin Classical Middle School

Public 6-8

7

Polytechnic High School

Public 9-12

N/A

Huntington Academy

Private K-4

* GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

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The details on 1420 Walnut Avenue: This house located in Central Long Beach, Long Beach, CA 90813 is currently for sale for $1,995,000. 1420 Walnut Avenue is a – square foot house with – beds and – baths that has been on Estately for 129 days. 1420 Walnut Avenue is in the Central Long Beach neighborhood of Long Beach and has a WalkScore® of 89, making it very walkable. This house is in the attendance area of Whittier Elementary School, Polytechnic High School, and Franklin Classical Middle School.

Listing Courtesy of: CRMLS_CA and Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of 10:28 on Jul 20.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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