1056 Walnut Avenue
1056 Walnut Avenue
$2,500,000
19
9
6,892
6,892
$363
Sold 9/30/21
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. | 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. | Attractive New Debt Available - Historically low interest rates...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. | 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. | 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. | 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.
- Listed by John Katnik • DRE #02002695 • Brokerage DRE #01869890 • James Capital Advisors, Inc.
Property Details for 1056 Walnut Avenue
Zoning
LBR2N
Accessibility FeaturesNone
Parcel Number7267011001
Total Units9.0
Living Area6892
Source Living AreaAssessor
AreaDowntown Area, Alamitos Beach (4)
Vacancy Rate0
Location
LISTING UPDATED: 09/30/2021 12:44 PM
Property Details for 1056 Walnut Avenue
Status | Sold |
---|---|
MLS # | 21-716000 |
Days on Market | 83 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.14 AC / 6,085 SF |
County | Los Angeles County |
Location
Building Information for 1056 Walnut Avenue
Stories2Residences-Year Built1962Building Size-Lot Size0.14 AC / 6,085 SF
Payment Calculator
$16,432 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1056 Walnut Avenue
Property History for 1056 Walnut Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1056 Walnut Avenue
Taxable ValueLand$1,657,500Additions$892,980Total$2,550,480
Tax Record2023$33,461 ($2,788 / month)
Home Facts
Total Finished SqFt6,892 SqFtAbove Grade Finished SqFt6,892 SqFtLot Size6,088 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLBR2NCountyLOS ANGELESAPN7267-011-001
Schools near 1056 Walnut Avenue
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lincoln Elementary School PublicK to 5 | ||
Franklin Classical Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Clear Passage Educational Center Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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