Four-Unit Apartment
For Sale
Contact for pricing
Pending
361 Walnut Ave, Long Beach, CA 90802
Varied residential layouts include balconies and shared outdoor space near the beach, bike path, dining, and shopping.
Property SizeContact for details
Lot Size0.11 Acres
Days on Market146
Property Features for 361 Walnut Ave
General Information
Standard status
Pending
Lot size
0.11 Acres
Property subtype
Multifamily
Financials
Cap Rate
5.06%
Gross Rent Multiplier
12.24
Units
Unit Mix
1 x 2BD/1.5BA, 1 x 1BD/1.5BA + Loft + Den, 2 x 1BD/1BA
Multifamily Units
4
Amenities
private balconies
shared outdoor space
Building Details
Buildings
2
Listing Agency:
Stepp Commercial
Listed By:
Robert Stepp · License #CA 01456379
(310) 463-2916
Source:
Crexi
Added: Apr 12
Changed: Sep 1
Last Checked: Sep 1 at 1:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stepp Commercial
Investment Insights
Based on property information with market context.
Located at 361 Walnut Ave in Long Beach, this quadplex contains four residential units across a varied mix. The property includes one two-bedroom, one-and-a-half-bath residence; one one-bedroom, one-and-a-half-bath unit with a loft and den; and two one-bedroom, one-bath units. Private balconies serve the upstairs residences, while the front and rear buildings share outdoor space on the 5,007-square-foot lot.
The property is situated in Alamitos Beach near the beach and bike path, with dining, shopping, and lifestyle amenities along 4th Street and Retro Row. Walkability and cycling access are reflected in the 94 Walk Score and 93 Bike Score. Current operating metrics include a 5.06% cap rate and 12.24 GRM.
The property is situated in Alamitos Beach near the beach and bike path, with dining, shopping, and lifestyle amenities along 4th Street and Retro Row. Walkability and cycling access are reflected in the 94 Walk Score and 93 Bike Score. Current operating metrics include a 5.06% cap rate and 12.24 GRM.
Key Highlights
- Four residential units with one 2BD/1.5BA, one 1BD/1.5BA plus loft and den, and two 1BD/1BA units
- 5,007‑square‑foot lot with shared outdoor space between the front and rear buildings
- Upstairs residences include private balconies
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,182
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Varied residential layouts include balconies and shared outdoor space near the beach, bike path, dining, and shopping.
Where is this quadplex located?
The property is located at 361 Walnut Ave Long Beach, CA.
What are key features of this property?
This property features: Four residential units with one 2BD/1.5BA, one 1BD/1.5BA plus loft and den, and two 1BD/1BA units; 5,007‑square‑foot lot with shared outdoor space between the front and rear buildings; Upstairs residences include private balconies
