1334 Walnut Avenue

    Long Beach, CA 90813
    • $4,150,000
    • STATUS: Active Under Contract
    • ON SITE: 102 days
    • ID#: OC18257324
    Under Contract
    $4,150,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,648
      SQFT
    • $543
      $/SQFT
    Neighborhood:
    Poly High (Ph)
    Type:
    Multi-Family
    Built:
    1962
    County:
    Los Angeles
    Area:
    9 - Poly High

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    Description

    Selling price includes two properties: 1334 & 1336 Walnut Avenue with two separate parcel numbers (Lot size 13,057 sqft, Building 14,842 sqft, 13 garages). A total of 22 unit mix of 1 & 2 bedrooms in high rental area of Long Beach (10 units of 2bed/1ba, 12 units of 1bed/1ba). All units are fully occupied with long term tenants. Upgrades include 22 units with permit dual pane vinyl windows, new ceiling fans in all living rooms & bedrooms, 6 units are new solid wood kitchen/bath cabinet with granite countertop & stainless steel sink/hood/oven, new concrete hallway between two properties and courtyard area, newer exterior paint, newer roof replacement for both properties, newer security screen doors.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-16T00:35:30.943. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.teamforss.com/homes/89170261

    1334 Walnut Avenue Long Beach, CA 90813

    • Price: $4,150,000
    • Status: Active Under Contract
    • ID#: OC18257324
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    7,648
    SQFT
    $543
    $/SQFT
    1962
    Built
    Neighborhood:
    Poly High (Ph)
    County:
    Los Angeles
    Area:
    9 - Poly High
    Property Description
    Selling price includes two properties: 1334 & 1336 Walnut Avenue with two separate parcel numbers (Lot size 13,057 sqft, Building 14,842 sqft, 13 garages). A total of 22 unit mix of 1 & 2 bedrooms in high rental area of Long Beach (10 units of 2bed/1ba, 12 units of 1bed/1ba). All units are fully occupied with long term tenants. Upgrades include 22 units with permit dual pane vinyl windows, new ceiling fans in all living rooms & bedrooms, 6 units are new solid wood kitchen/bath cabinet with granite countertop & stainless steel sink/hood/oven, new concrete hallway between two properties and courtyard area, newer exterior paint, newer roof replacement for both properties, newer security screen doors.
    Exterior Features

    Garage Spaces 8.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 962.00 Elevation Units Feet Fuel Expense 4196.00 Gross Income 267420.00 Gross Operating Income 267420.00 Gross Scheduled Income 267420.00 Insurance Expense 3559.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 12000.00 Laundry YN Yes Net Operating Income 204293.00 New Construction YN No New Taxes Expense 47000.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Number Of Units Leased 12 Number Wall AC 0 Operating Expense 63127.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Poly High (Ph) Total Actual Rent 11650.00 Total Expenses 63340.00 Trash Expense 2093.00 Vacancy Allowance 0 Vacancy Allowance Rate 0.00 Water Sewer Expense 9230.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Julieanne Lam Phan of Phan Property Management


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-16T00:35:30.943. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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