Multifamily Portfolio with
For Sale
Contact for pricing
432 & 440 Walnut Ave, Long Beach, CA 90802
Seven-property, 58-unit multifamily portfolio with studios through six-bedroom units and on-site laundry plus surface/garage parking.
Property Size38,000 SF
Days on Market125
Property Features for 432 & 440 Walnut Ave
General Information
Standard status
Active
Size
38,000 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
58
Amenities
laundry facilities
garage parking
surface parking
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3200
Listed By:
Tyler Leeson · License #CA 01451551
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 8:03AM
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 Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
Marcus & Millichap presents the North Alamitos Beach Tranche, a multifamily investment portfolio comprising 7 properties and 58 total units. The portfolio offers a mix of studio through six-bedroom floor plans. Nearly half of the units are described as Section 8 housing, and the remarks indicate an opportunity for conversion of all units to Section 8.
The properties include on-site laundry facilities and surface and garage parking, which the listing notes as notable commodities in the Long Beach market. The remarks also highlight potential options related to parking monetization and the possibility of converting existing garages into accessory dwelling units (ADUs), subject to more detailed information in the offering materials.
This tranche is part of a broader 155-unit, 17-building portfolio and can be purchased as a portfolio or as individual tranches. Drive by only; do not walk the property or disturb residents.
The properties include on-site laundry facilities and surface and garage parking, which the listing notes as notable commodities in the Long Beach market. The remarks also highlight potential options related to parking monetization and the possibility of converting existing garages into accessory dwelling units (ADUs), subject to more detailed information in the offering materials.
This tranche is part of a broader 155-unit, 17-building portfolio and can be purchased as a portfolio or as individual tranches. Drive by only; do not walk the property or disturb residents.
Key Highlights
- North Alamitos Beach Tranche: 7‑property multifamily portfolio totaling 58 units in Long Beach, CA
- Portfolio offers a unit mix from studios through six‑bedroom units, with over 38,000 sq ft of combined rentable living space
- Nearly 50% of units are Section 8 housing, supporting a consistent rental revenue stream
Property Analytics
Property Profile
Current Use
Lease Details
58
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,984
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?
Apartment building - Seven-property, 58-unit multifamily portfolio with studios through six-bedroom units and on-site laundry plus surface/garage parking.
Where is this apartment building located?
The property is located at 432 & 440 Walnut Ave Long Beach, CA.
What are key features of this property?
This property features: North Alamitos Beach Tranche: 7‑property multifamily portfolio totaling 58 units in Long Beach, CA; Portfolio offers a unit mix from studios through six‑bedroom units, with over 38,000 sq ft of combined rentable living space; Nearly 50% of units are Section 8 housing, supporting a consistent rental revenue stream
