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Updated Apartment Building
For Sale
$1,599,000

1323 Walnut Ave, Long Beach, CA 90813

Long Beach, CA

Property SizeContact for details
Lot Size0.15 Acres
Days on Market52

Property Features for 1323 Walnut Ave

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 8
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 6, Bathroom 1, Bathroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 1, Bathroom 3
Parking 8
Parking features Gated
Subdivision Other (OTHR)
Lot features 0-1 Unit/ Acre
Directions Cross Streets: Anaheim
Standard status Active
APN 7268040019
Lot size 0.15 Acres

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1922
Floors in Building 2
Number of units 6
Listing Agency: Buckingham Investments, Inc.
Listed By: Tyson Storr · License #02179872
Added: Jul 9 Changed: Aug 25 Last Checked: Aug 29 at 7:06PM
MLS# IN26149247

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This six-unit apartment building includes four one-bedroom residences and two two-bedroom residences. All units were updated within the past year, and the electrical system was rewired during the same period. The property was built in 1922 and occupies 0.1461 acres, with public water and public sewer service.

A gated rear parking lot provides 8 dedicated spaces, matching the stated 1:1 tenant-to-parking ratio. The property is in Long Beach near the Anaheim Corridor and Cambodia Town, with access to the 710, 405, and 605 freeways, the A Line Metro, and the Port of Long Beach. The beach, walking paths, and ocean views are also located nearby.

Key Highlights

  • Six‑unit apartment building with four 1‑bedroom and two 2‑bedroom units
  • All units updated within the past year
  • Electrical system rewired within the past year

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Catering Service Nursing Home Tech Support Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,054
Businesses Nearby

Demographics for 90813, CA

54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Refreshed units, gated parking, and public utilities support a practical multifamily operation.
Where is this apartment building located?
The property is located at 1323 Walnut Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Six‑unit apartment building with four 1‑bedroom and two 2‑bedroom units; All units updated within the past year; Electrical system rewired within the past year
More about this property
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