Renovated Duplex with Private Outdoor
For Sale
$999,000
932 Walnut, Long Beach, CA 90813
Two updated four-bedroom residences provide separate gas and electric meters, in-unit laundry, and outdoor spaces.
Property Size2,725 SF
Price / SF$366.61
Days on Market84
Property Features for 932 Walnut
General Information
Standard status
Active
Size
2,725 SF
Property subtype
Duplex
Site & Location
Neighborhood
Aoc7
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 4BR
Multifamily Units
2
Individually Metered Utilities
gas, electricity
Additional Details
Currently Operating
Yes
Amenities
in-unit laundry
covered porch
patio
private side deck
outdoor bonus room
security gate
Building Details
Building Size
2,725 SF
Year Built
1918
Buildings
2
Listing Agency:
Buckingham Investments, Inc
(310) 561-4776
Listed By:
Anthony Walker · License #01908153
(310) 982-7055
Source:
Laroccarealestate
Added: Aug 6
Changed: Oct 27
Last Checked: Oct 27 at 3:14AM
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 Buckingham Investments, Inc
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Investment Insights
Based on property information with market context.
This duplex contains two four-bedroom homes with a combined 2,725 square feet of rentable area. Both residences have renovated kitchens and bathrooms, vinyl flooring, new windows, overhead lighting, open layouts, and in-unit laundry. Electrical wiring and panels were replaced in 2019, the sewer line in 2024, and supply and drain plumbing in 2025. A fence and security gate were added in 2022.
The front home includes a covered porch, a large patio, and a side deck connected to an outdoor bonus room. The rear residence has its own patio and gated parking for two cars. Gas and electricity are separately metered for each home.
At 932 Walnut in Long Beach, the property is 10 blocks from the beach, 2 miles from the 710 freeway, and 2.5 miles from the 405. The Blue Line, with express service to downtown Los Angeles, is 1 mile west. Local markets and shops are also nearby.
The front home includes a covered porch, a large patio, and a side deck connected to an outdoor bonus room. The rear residence has its own patio and gated parking for two cars. Gas and electricity are separately metered for each home.
At 932 Walnut in Long Beach, the property is 10 blocks from the beach, 2 miles from the 710 freeway, and 2.5 miles from the 405. The Blue Line, with express service to downtown Los Angeles, is 1 mile west. Local markets and shops are also nearby.
Key Highlights
- Two four‑bedroom residences with 2,725 square feet of rentable area
- Renovated kitchens and bathrooms, updated windows, vinyl flooring, and in‑unit laundry in both homes
- Electrical wiring and panels replaced in 2019; supply and drain plumbing re‑piped in 2025; sewer line replaced in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,634
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,680
$1.3M
Cap Rate 7%
$894,771
$894.8K
Cap Rate 9%
$695,933
$695.9K
Market Conditions
NOI Build-Up for 2,725 SF
Gross rent
$93.2K $34.20/SF
− Vacancy
−$3.7K −$1.36/SF
EGI
$89.5K $32.84/SF
− OpEx
−$26.8K −$9.85/SF
NOI
$62.6K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,680
Cap Rate 7%
$894,771
Cap Rate 9%
$695,933
Alternative Uses
Best Use
Multifamily LT 5
$894.8K
$782.9K – $1.04M
NOI $62,634 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$824.6K
$721.5K – $962.0K
NOI $57,719 @ 7.0% cap · market cap 5.78%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,082
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated four-bedroom residences provide separate gas and electric meters, in-unit laundry, and outdoor spaces.
Where is this duplex located?
The property is located at 932 Walnut Long Beach, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two four‑bedroom residences with 2,725 square feet of rentable area; Renovated kitchens and bathrooms, updated windows, vinyl flooring, and in‑unit laundry in both homes; Electrical wiring and panels replaced in 2019; supply and drain plumbing re‑piped in 2025; sewer line replaced in 2024
