761 Walnut Avenue is a 4-unit multifamily investment property located in Long Beach, CA. 761 Walnut Avenue features a highly desirable mix of studio, one, and two-bedroom units with a spacious common area backyard and an on-site laundry facility. Each unit features an individual water heater with 50% of them being brand new. Current ownership has invested significant capital into improvements with select units featuring modern finishes and high-quality upgrades. Additionally, the property features new plumbing and drain lines in 50% of the units, new roofing on the rear building, and brand new subpanels on 75% of the units. Residents of 761 Walnut Avenue enjoy the property’s prime Long Beach location, with an abundance of Long Beach hot spots within a 1-mile radius of the property. The property is situated less than 1 mile to the North of Alamitos Beach, Junipero Beach, and the Shoreline Pedestrian Bike Path, providing residents with easy access to recreational activities. Additionally, the property is situated in close proximity of both Retro Row and the East Village Arts District, two popular Long Beach hubs for boutique retailers as well as unique cafes and restaurants. Furthermore, the property’s close proximity to Downtown Long Beach provides residents with easy access to major local employers. The property’s ideal Long Beach location surrounded by an abundance of recreational, entertainment, and retail amenities are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 761 Walnut Avenue.
Property Details
Price:
$1,199,000
MLS #:
OC24125800
Status:
Pending
Baths:
0
Address:
761 Walnut Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Jun 19, 2024
State:
CA
ZIP:
90813
Lot Size:
5,227 sqft / 0.12 acres (approx)
Year Built:
1924
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Curbs, Gutters, Sidewalks
Garage Spaces
0.00
Lot Features
Level with Street
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address761 Walnut Avenue Long Beach CA
- Area4 – Downtown Area, Alamitos Beach
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
Similar Listings Nearby
- 236 Corona Avenue
Long Beach, CA$1,549,000
2.46 miles away
- 35 Ximeno Avenue
Long Beach, CA$1,500,000
2.06 miles away
- 801 Atlantic Avenue
Long Beach, CA$1,495,000
0.75 miles away
- 387 Freeman Avenue
Long Beach, CA$1,475,000
1.00 miles away
- 1147 Ximeno Avenue
Long Beach, CA$1,475,000
1.78 miles away
- 2520 East Sixth Street
Long Beach, CA$1,469,000
0.65 miles away
- 1600 Magnolia Avenue
Long Beach, CA$1,450,000
1.64 miles away
- 1120 Stanley Avenue
Long Beach, CA$1,450,000
0.76 miles away
- 529 W 10th St.
Long Beach, CA$1,450,000
1.54 miles away
- 3374 Santa Fe Avenue
Long Beach, CA$1,449,999
3.80 miles away
Courtesy of Marcus & Millichap RE Invest. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
761 Walnut Avenue
Long Beach, CA
LIGHTBOX-IMAGES