Walnut Avenue Apartments

Highlights:

• Prime Long Beach Rental Market
• Newer Windows
• Great Mix of One- and Two-Bedroom Floorplans
• Garage Parking
• Separately Metered for Gas & Electric
• No On-Site Management Required
• On-Site Laundry Facilities

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 floorplans, 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.

Long Beach is part of the Los Angeles metropolitan area. As of the 2022 United States Census, the city had a population of 451,307 making it the 7th most populous city in California. It is the second largest city in the Los Angeles Metropolitan area, and the third in Southern California. Incorporated in 1897, Long Beach lies in the southeastern corner of Los Angeles County and borders Orange County.

The Port of Long Beach is the second busiest container port in the United States and is among the world’s largest shipping ports. The port supports more than 30,000 jobs in Long Beach, 316,000 jobs throughout Southern California and 1.4 million jobs throughout the United States. The city is known for its waterfront attractions, including the permanently docked RMS Queen Mary and the Aquarium of the Pacific. Long Beach also hosts the Grand Prix of Long Beach, and is home to California State University, Long Beach.