1334 Walnut Ave

22
Baths
14,842 Sq. Ft.
$249 / Sq. Ft.
14,842
Sq. Ft.
$249
per Sq. Ft.

Description

Presenting an exceptional investment opportunity in Long Beach, CA. This distinguished 14,842 SF building, comprising 22 units, is tailor-made for savvy multifamily/low-rise/garden investors. Built in 1962, the property is strategically positioned in the thriving Long Beach rental market. With its newer windows, a superb mix of one- and two-bedroom ? oorplans, garage parking, separately metered for gas and electric, and on-site laundry facilities, this property offers a seamless and lucrative investment...Presenting an exceptional investment opportunity in Long Beach, CA. This distinguished 14,842 SF building, comprising 22 units, is tailor-made for savvy multifamily/low-rise/garden investors. Built in 1962, the property is strategically positioned in the thriving Long Beach rental market. With its newer windows, a superb mix of one- and two-bedroom ? oorplans, garage parking, separately metered for gas and electric, and on-site laundry facilities, this property offers a seamless and lucrative investment potential. Situated on two, adjacent parcels, the property does not require any on-site management. Don't miss out on this chance to add a robust asset to your portfolio. Schedule a viewing today and unlock the full potential of this exceptional property.
  1. Listed by Jason Kirklen • DRE #01939655 • Brokerage DRE #02128238 • Kirklen Investment Group • 949-942-1302

Property Details for 1334 Walnut Avenue

Parking Spaces Total
13
Private Pool
No
Total Units
22.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
14842
Assessor Parcel Number
7261-027-006
Property Attached YN
true
LISTING UPDATED: 10/16/2025 05:13 AM

Property Details for 1334 Walnut Avenue

StatusClosed
MLS #OC25117518
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1962
CountyLos Angeles County

Location

Listing Courtesy of Kirklen Investment Group, Jason Kirklen, DRE #01939655

Sold By Kirklen Investment Group, Jason Kirklen, DRE #01939655

Add your commute

Building Information for 1334 Walnut Avenue

Building/Complex1334 Walnut AveFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1962Building Size-

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OriginPoint Mortgage or Rocket Mortgage1

$20,646 per month

30 year fixed, 6.11% Interest

Principal and Interest

$17,957

Property Taxes

$2,689

HOA Dues

$0

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Property Information for 1334 Walnut Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $409,581
  • Gross Scheduled Income: $408,294
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $409,581
  • Net Operating Income: $265,799
  • Number Of Rented Garages: 12
  • Garage Rental Rate: $75
  • Garage Income: $900
  • Laundry Income: $228
  • Other Income Description: included in gross operating in
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $143,782
  • New Taxes Expense: $59,949
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Licenses Expense: $775
  • Electric Expense: $0
  • Insurance Expense: $16,771
  • Maintenance Expense: $20,790
  • Professional Management Expense: $18,424
  • Trash Expense: $0
  • Water Sewer Expense: $25,872
  • Total Expenses: $143,782
Tax / Assessment Info
  • Tax Area: 11933
  • Tax Block: 1
  • Tax Tract Number: 5752.02
  • Tax Census Tract: 5752.02
  • CFD/Mello-Roos Fee: $4,140
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Roof: Flat
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Additional Parcels Description: 7261027005
  • Lot Features: 21-25 Units/Acre
  • Number Of Units: 22
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 13
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 13
  • Carport Spaces: 0
  • Parking Features: Assigned
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,513
  • Unit Type Total Rent: $18,161
  • Unit Type Pro Forma: 1875
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,586
  • Unit Type Total Rent: $15,864
  • Unit Type Pro Forma: 2275
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 23
  • Number Of Separate Gas Meters: 23
  • Number Of Separate Water Meters: 2

Property History for 1334 Walnut Avenue

DateEvent & SourcePriceAppreciation
Oct 16, 2025

Sold

CLAW #OC25117518MR

$3,700,000—
Oct 16, 2025

Sold

CRMLS #OC25117518

$3,700,000—
Oct 16, 2025

Sold

SDMLS #OC25117518

$3,700,000—
Jul 15, 2025

Pending

CRMLS #OC25117518

—
May 31, 2025

Pending

SDMLS #OC25117518

—
May 31, 2025

Pending

CLAW #OC25117518MR

—
May 31, 2025

Accepting Backup Offers

CRMLS #OC25117518

—
May 31, 2025

Accepting Backup Offers

CLAW #OC25117518MR

—
May 27, 2025

Listed (Active)

CRMLS #OC25117518

$4,500,000—
May 20, 2025

Listed (Active)

CLAW #OC25117518MR

$4,500,000—
May 20, 2025

Listed (Active)

SDMLS #OC25117518

$4,500,000—
Oct 20, 2020

Sold (Public Record)

Public Record #684602354

$2,175,000—
Feb 21, 2019

Sold

CRMLS #OC18257324

$4,050,000—
Feb 21, 2019

Sold

CLAW #OC18257324MR

$4,050,000—
Feb 21, 2019

Sold

SDMLS #OC18257324

$4,050,000—
Jan 29, 2019

Pending

CLAW #OC18257324MR

—
Jan 29, 2019

Pending

SDMLS #OC18257324

—
Jan 29, 2019

Pending

CRMLS #OC18257324

—
Nov 5, 2018

Listed (Active)

SDMLS #OC18257324

$4,130,000—
Nov 5, 2018

Price Change

CRMLS #OC18257324

$4,150,000—
Nov 5, 2018

Listed (Active)

CRMLS #OC18257324

$4,130,000—
Nov 5, 2018

Listed (Active)

CLAW #OC18257324MR

$4,130,000—
DateEvent & SourcePrice
10/16/2025

Sold

CLAW #OC25117518MR

$3,700,000
10/16/2025

Sold

CRMLS #OC25117518

$3,700,000
10/16/2025

Sold

SDMLS #OC25117518

$3,700,000
07/15/2025

Pending

CRMLS #OC25117518

—
05/31/2025

Pending

SDMLS #OC25117518

—
05/31/2025

Pending

CLAW #OC25117518MR

—
05/31/2025

Accepting Backup Offers

CRMLS #OC25117518

—
05/31/2025

Accepting Backup Offers

CLAW #OC25117518MR

—
05/27/2025

Listed (Active)

CRMLS #OC25117518

$4,500,000
05/20/2025

Listed (Active)

CLAW #OC25117518MR

$4,500,000
05/20/2025

Listed (Active)

SDMLS #OC25117518

$4,500,000
10/20/2020

Sold (Public Record)

Public Record #684602354

$2,175,000
02/21/2019

Sold

CRMLS #OC18257324

$4,050,000
02/21/2019

Sold

CLAW #OC18257324MR

$4,050,000
02/21/2019

Sold

SDMLS #OC18257324

$4,050,000
01/29/2019

Pending

CLAW #OC18257324MR

—
01/29/2019

Pending

SDMLS #OC18257324

—
01/29/2019

Pending

CRMLS #OC18257324

—
11/05/2018

Listed (Active)

SDMLS #OC18257324

$4,130,000
11/05/2018

Price Change

CRMLS #OC18257324

$4,150,000
11/05/2018

Listed (Active)

CRMLS #OC18257324

$4,130,000
11/05/2018

Listed (Active)

CLAW #OC18257324MR

$4,130,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1334 Walnut Avenue

Taxable ValueLand$1,412,573Additions$941,995Total$2,354,568
Tax Record2025$32,262 ($2,689 / month)
Home Facts
Total Finished SqFt7,648 SqFtAbove Grade Finished SqFt7,648 SqFtLot Size6,525 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLBR2NCountyLOS ANGELESAPN7261-027-006

Schools near 1334 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
Whittier 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kirklen Investment Group, Jason Kirklen, DRE #01939655

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.