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Sold Date9/30/2021
Closed

1056 Walnut AvenueLong Beach, California CA90813-3844

Listing ID21716000

6,892 SqFt 0.130 Acres

$2,500,000

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.
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