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1408 Walnut

Long Beach, CA 90813
Active Under Contract
Multifamily
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$1,250,000
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… Read MoreRead Less
Property listed by Marterra Real Estate, Christine Morgan 949-910-1042
Listing Snapshot
Days Online
27
Last Updated
Property Type
Quadruplex
Lot Size
0.11 Acres
Year Built
1929
MLS Number
OC25243436
30 Days Snapshot Of 90813
$601k
+35%
(avg) sold price
5
-16%
homes sold
56
-43%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasRange
Building
Built in 1929, Building area total: 3,538, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Cooling
None
Expenses
Gardener expense: $900, Insurance expense: $4,961, New taxes expense: $13,750, Operating expense: $21,111, Water sewer expense: $720
Fireplaces
None
Floors
Vinyl
Garage
4 spaces
Heating
WallFurnace
Income
Gross income: $101,880, Net operating income: $80,769
Laundry
GasDryerHookup, Inside
Lot
0.1126 acres, 4,904 square feet, Size: 4,904, StreetLevel
Parking
4 totals parking, Garage
Pool
None
Sewer
PublicSewer
Tenant Pays
CableTv, Electricity, Gas, Insurance, TrashCollection, Water
Utilities
ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
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Monthly Payment
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Joe Villaescusa
CEO
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Schools In The Area

Check out nearby schools with ratings and contact info.
John G. Whittier Elementary School 562-599-6263 Public KG-5
Franklin Classical Middle School 562-435-4952 Public 6-8
Polytechnic High School 562-591-0581 Public 9-12
John G. Whittier Elementary School 562-599-6263 Public KG-5
John G. Whittier Elementary School 562-599-6263 Public KG-5
Franklin Classical Middle School 562-435-4952 Public 6-8
Polytechnic High School 562-591-0581 Public 9-12

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Listing Information © California Regional MLS. All Rights Reserved.

Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.