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1056 Walnut AVE Long Beach, CA 90813
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Key Details
Sold Price $2,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21716000
Sold Date 09/30/21
HOA Y/N No
Year Built 1962
Lot Size 5,662 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR2N
Interior
Cooling None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Accessibility None
Total Parking Spaces 5
Private Pool No
Building
Story 2
Others
Senior Community No
Tax ID 7267011001
Financing Conventional
Special Listing Condition Standard
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Bought with Joseph Finkelstein • Buckingham Investments