1056 Walnut Avenue Long Beach, CA 90813
6,892 Sq. Ft. / 5,663 Sq. Ft., 0.13 acres lot size / Other
Status: Sold
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New Financials!! Building is now operating at a 4.56% Cap Rate with Upside! | Capital Improvements & Renovated Units - The building features new paint, new windows and three units have been slightly renovated. | Attractive New Debt Available - Historically low interest rates allow strong returns day 1. | Desirable Unit Mix - The buildings units comprise of (1) 1 bed / 1 bath, (6) 2 beds / 1 bath and (2) 3 bed / 1 bath. | Gentrifying Long Beach Location | Located East of Alamitos Ave and South of Anaheim St, the asset lies about 1.5 miles from Alamitos Beach and about 2.5 miles from Belmont Shore.
property details
Type
Other
Status
Closed
County
Los Angeles
Year Built
1962
Sq. Ft.
6,892
Lot Size
5,663 Sq. Ft., 0.1 acres
Listing Id
21716000
Courtesy Of
John Katnik - James Capital Advisors, Inc. john@brcadvisors.com
List Office Phone
+1 424 325 2604
Interior Features
Living Area Units
Sq. Ft.
Exterior Features
Stories
2
Parking Spaces
5
Utility & Building Info
Parcel Number
7267011001
Cooling
None
Building Area Total
6,892 Sq. Ft.
Price Per Sq Ft
$370
Architectural Style
2 Story
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Price History
| date | event | price | source |
|---|---|---|---|
|
09/30/2021
09/30/2021
|
Sold |
$2,500,000
|
CLAW- Central Los Angeles Westside |
|
04/09/2021
04/09/2021
|
Active |
$2,550,000
|
CLAW- Central Los Angeles Westside |
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Market Trends
Source: Constellation1
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