1332 Walnut Ave

Long Beach CA 90813

6892 sq. ft.

6525 sq. ft.

Other

Last sold for $2,149,000

Jonathan Swire, last sold this property on 14 November 2025 after 64 days on market.

Overview

PRICED TO SELL - 9.8 GRM AND 6.7% CAP on in-place rents, with upside to a 9.0 GRM and 7.6% CAP. 9 units on the Eastside of Long Beach. Property was heavily rehabbed in 2020. 8 of 9 units were taken down to the studs with everything updated. Property has new windows, updated plumbing, electrical, kitchens and baths. Additionally, all new tile flooring was installed (that looks like wood laminate) which will last for years to come. Buyer to verify. Main Electric Panel is 400 AMPS - Buyer to verify. There is onsite laundry and the building is secured. There are 4 garages in the rear that could be rented for $125/garage or converted into 1-2 ADU's - Buyer to verify. There is also one garage in the front of the building. There are 2 potential Loan Options on the property. Option 1 - The Buyer can obtain a new loan with 25-30% down. Option 2 - Buyer can assume the existing, fully amortized loan of $1.830.000 fixed at 3.4% until November 2026 at which point it can adjust as much as 2.00%. This option allows a Buyer to purchase this property with less than 20% down. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Features

17 bedrooms

9 bathrooms

5 carspaces

5 garage spaces

6892 sq. ft. floor area

6525 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 17 bedroom other properties sold in Long Beach over the last 12 months.

Property history for 1332 Walnut Ave

2025

Sold

$2,149,000

14 Nov 2025 by Jonathan Swire, of The Agency

2021

Sold

$2,399,000

14 Jan 2021 by Anthony Walker, of Buckingham Investments, Inc

2019

Sold

$1,960,000

17 Sep 2019 by Kristina Moore, of The Moore Group

Happy sellers in Long Beach

We have insufficient information to provide an overview of customer satisfaction for Long Beach. Viewing the agent profiles, reviews and sales for Long Beach can provide insights for this location.