Address
1346 Walnut Avenue Long Beach, CA
Price
$ 1,683,000
Property Attributes
  • MLS#WS21267169
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaDowntown Area - Alamitos Beach
  • Zip90813
  • StyleBungalow,Modern
  • Price$ 1,683,000
  • Bedrooms10
  • Full Bathrooms7
  • Half Bathrooms0
  • Sqr Footage3990
  • Lot Size9,752 SqFt
Listing Provided Courtesy Of:
PAUL WONG with PAUL V. WONG - 626-533-3888
Data Source:
California Regional MLS (CRMLS)
Property Description

5-unit property consists of a house & 4-Plex. Each unit has its own address. All are one story with front and back access, except for 1 unit which has only front access. The house has a detached garage, and the driveway can park 3 cars. Other tenants share and manage on their own the use of the backyard parking (4 to 6 vehicles), and the two garages attached to the 4-plex are assigned to 1354 & 1356 Walnut Ave. There are plenty of street parking on Walnut Ave and 14th Street. Each unit has its own hot water tank and tenants are responsible for all utilities. Landlord pays for cold water and sewer only. Low operating expenses and easy to manage. The 4-Plex was completed in 1959 (per insurance policy) and the house was built in 1910. All units have been remodeled in recent years and permits were pulled for room additions. The house was completely remodeled in late 2021 with all new windows, doors, new vinyl flooring throughout, new kitchen, new bathrooms and a new layer over the garage roof. Most are long term tenants & rents are low with substantial upside potential. One of the assigned garages has been setup by the tenant for use as office and room (last 2 photos), which can be restored to original if desired. Buyer to cooperate with seller's 1031 Exchange at no cost to buyer. All information is obtained from sources deemed reliable, but accuracy is not guaranteed, including permit status, buyer and buyer's agent to verify.

Price History
12/24/2021 Listed $1,683,000

General Features

Accessibility Safe Emergency Egress from Home
Appliances Gas Range, Gas Water Heater
Architectural Style Bungalow, Modern
Carport Spaces 3
Carport Y/N Yes
Community Features Curbs, Street Lights, Sidewalks, Urban
Construction Materials Stucco
Electric Standard
Flooring Tile, Vinyl
Garage Spaces 3
Garage Y/N Yes
Heating Combination
Interior Features All Bedrooms Down
Levels One
Listing Agent PAUL WONG - BRE#00989443
Listing Agent State License 00989443
Lot Size Square Feet 9752
MLS Area 4 - Downtown Area, Alamitos Beach
Open Parking Spaces 4
Pool Features None
Property Type Residential Income
Roof Shingle
Senior Community Y/N No
Sewer Public Sewer
Spa Features None
Special Listing Conditions Standard
Status Active
Stories 1
Terms Conventional, 1031 Exchange
Total Actual Rent 101400
Total Units 5
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Water Connected
Water Sewer Expense 3480
Zoning LBR2N

Interior Features

Common Walls End Unit, No Common Walls
Fireplace Features Electric, Gas
Fireplace Y/N Yes
Heating Y/N Yes
Laundry Features None

Exterior Features

Fencing Chain Link, Wood
Lot Dimensions 75x130
Lot Features Corner Lot, Level, Rectangular Lot, Street Level, Walkstreet
Lot Size Acres 0.22
Lot Size Area 9752
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 2
Parking Features Assigned, Covered, Driveway, Paved, Unpaved
Road Frontage Type Alley, City Street
Road Surface Type Alley Paved, Paved
Total Parking 10
View Y/N Yes
Water Source Public

Room Details

Room Dimensions Level Flooring Details
Bedroom

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90813

Price
AVG $1.23M
$1.68M
Visits
AVG 156
52
Year Built
AVG 1930
1959
Walkscore
AVG 89
93
Data Provided by Walkscore ® not using MLS data