Pending

Listing Provided by:

Christine Morgan DRE #01839037 949-910-1042,

Marterra Real Estate,

Daniel Morgan DRE #01901285,

Marterra Real Estate

$1,250,000

1408 Walnut Ave, Long Beach, CA 90813

7beds

4baths

3,538sqft

Est.:

Quadruplex

Built in 1929

-- sqft lot

$1,218,000 Zestimate^®

$353/sqft

$-- HOA

What's special

Modernized interiorsRenovated kitchens and bathrooms

Substantially renovated in 2022, 1408 Walnut Avenue is a fully stabilized four-unit multifamily investment property located in the heart of Long Beach. With modernized interiors, strong in-place rents, and a prime location near employment centers, this property checks all the boxes for a reliable long-term hold. Each unit has its own parking garage! Major improvements completed in 2022 include a complete re-piping of the entire property to pex plumbing, Units B, C and D have renovated kitchens and bathrooms with new cabinetry, countertops and fixtures, new flooring and paint and lighting throughout. The exterior was just freshly re-painted and this 4-plex has ADU potential by converting existing garages! Situated near Downtown Long Beach, Signal Hill, and key freeways, 1408 Walnut offers tenants excellent access to retail, dining, schools, and transit, ensuring strong rental demand.

44 days

211

10

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4

Rooms

Room types: Kitchen, Living Room

Heating

Wall Furnace

Cooling

None

Appliances

Included: Gas Range
Laundry: Gas Dryer Hookup, Inside

Features

Flooring: Vinyl
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 3,538
Total interior livable area: 3,538 sqft

Property

Parking

Total spaces: 4
Parking features: Garage
Garage spaces: 4

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 4,904 Square Feet
Features: Street Level

Details

Parcel number: 7261014024
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1929

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Community & HOA

Community

Features: Sidewalks
Subdivision: Poly High (Ph)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $353/sqft
Tax assessed value: $974,187
Annual tax amount: $13,336
Date on market: 10/20/2025
Cumulative days on market: 44 days
Listing terms: Cash,Cash to New Loan
Exclusions: all refrigerators and washer/dryers
Total actual rent: 8225
Tenant pays: Cable TV, Electricity, Gas, Insurance, Trash Collection, Water

Estimated market value

$1,218,000

$1.16M - $1.28M

$3,144/mo

Price history

Date	Event	Price
12/1/2025	Pending sale	$1,250,000$353/sqft
Source: CRMLS #OC25243436 Report a problem
11/18/2025	Listed for sale	$1,250,000$353/sqft
Source: CRMLS #OC25243436 Report a problem
11/3/2025	Contingent	$1,250,000$353/sqft
Source: CRMLS #OC25243436 Report a problem
10/20/2025	Listed for sale	$1,250,000+38.9%$353/sqft
Source: CRMLS #OC25243436 Report a problem
12/21/2020	Sold	$900,000+0%$254/sqft
Source: CLAW #20587738 Report a problem