319 Walnut Avenue

    Long Beach, CA 90802
    • $2,600,000
    • STATUS: Active
    • ON SITE: 102 days
    • ID#: PW18272129
    UPDATED: 48 min ago
    $2,600,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,599
      SQFT
    • $394
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    Description

    319 Walnut Avenue is a 6-unit asset in popular Alamitos Beach, walking distance to the beach and Long Beach bike bath, as well as the dining and nightlife amenities of 4th Street/Retro Row. The building offers five two-bedroom / two-bath and one three bedroom / two-bath units. The stylish accommodations feature refurbished hardwood floors and built-ins and modern updated kitchens and baths. The property offers ample parking in a typically under-parked neighborhood. With an attractive 4.3% cap rate, 319 Walnut Avenue offers investors an opportunity to own an attractive turnkey asset in a highly desirable rental submarket

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-24T00:38:15.897. 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.bestlahomefinder.com/homes/89397107

    319 Walnut Avenue Long Beach, CA 90802

    • Price: $2,600,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: PW18272129
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,599
    SQFT
    $394
    $/SQFT
    1967
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    319 Walnut Avenue is a 6-unit asset in popular Alamitos Beach, walking distance to the beach and Long Beach bike bath, as well as the dining and nightlife amenities of 4th Street/Retro Row. The building offers five two-bedroom / two-bath and one three bedroom / two-bath units. The stylish accommodations feature refurbished hardwood floors and built-ins and modern updated kitchens and baths. The property offers ample parking in a typically under-parked neighborhood. With an attractive 4.3% cap rate, 319 Walnut Avenue offers investors an opportunity to own an attractive turnkey asset in a highly desirable rental submarket
    Exterior Features

    Garage Spaces 7.00 Lot Features 6-10 Units/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 Fireplace Features Living Room Fireplace YN Yes Flooring Wood Heating Fireplace Heating YN Yes Interior Features Built-InsCeiling Fan Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 825.00 Elevation Units Feet Fuel Expense 825.00 Gardener Expense 900.00 Gross Income 166725.00 Gross Scheduled Income 175500.00 Insurance Expense 2640.00 Land Lease YN No Laundry YN Yes Licenses Expense 500.00 Maintenance Expense 4500.00 Net Operating Income 112136.00 New Construction YN No New Taxes Expense 32747.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 54589.00 Other Expense 2000.00 Other Expense Description Reserves Pest Control Expense 500.00 Professional Management Expense 7503.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Total Expenses 54589.00 Trash Expense 825.00 Water Sewer Expense 825.00 Water Source Public Zoning Lbr3s

    Listing provided courtesy of Robert Stepp of Keller Williams Pacific Estat


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-24T00:38:15.897. 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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