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319 Walnut Ave, Long Beach, CA 90802
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319 Walnut Ave Long Beach, CA 90802

$2,575,000 Sold Price as of 03/28/2019
  • 13 Beds
  • 12 Baths
  • 6,599 Sq.Ft.
Sold
$2,575,000 Sold Price as of 03/28/2019 Refinance Your Mortgage
Map preview of 319 Walnut Ave, Long Beach, CA 90802

Property Overview: 319 Walnut Ave Long Beach, CA has 13 bedrooms, 12 bathrooms, 6,599 living square feet and 6,166 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 319 Walnut Avenue is a 6-unit asset in popular Alamitos Beach, walking distance to the beach and Long Beach bike bath, as well as the dining and nightlife amenities of 4th Street/Retro Row. The building offers five two-bedroom / two-bath and one three bedroom / two-bath units. The stylish accommodations feature refurbished hardwood floors and built-ins and modern updated kitchens and baths. The property offers ample parking in a typically under-parked neighborhood. With an attractive 4.3% cap rate, 319 Walnut Avenue offers investors an opportunity to own an attractive turnkey asset in a highly desirable rental submarket

Listed by Robert Stepp | BRE #01456379 | Keller Williams Pacific Estate
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 89

Home details

Lot Sq. Ft
6,166
HOA Dues
$0/mo
Year built
1967
Garage
7 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW18272129
City
Long Beach
County
Los Angeles
Time on Site
1436 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,194
  • Total Rent: $10,970
  • Pro Forma/Market Rent: $12,110
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,895
  • Total Rent: $2,895
  • Pro Forma/Market Rent: $2,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $175,500
  • Net Operating Income: $112,136
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $54,589
  • Electric: $825
  • Gas/Fuel: $825
  • Licenses: $500
  • New Taxes: $32,747
  • Trash: $825
  • Gardener: $900
  • Insurance: $2,640
  • Maintenance: $4,500
  • Professional Management: $7,503
  • Water/Sewer: $825
  • Other Expenses: $2,000
  • Other Expense Description: Reserves

Property Details for 319 Walnut Ave

Interior Features
Heating Information
  • Has Heating
  • Fireplace(s)
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Wood
Interior Features
  • Built-in Features, Ceiling Fan(s)
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 6
  • Parcel Number: 7275008011
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: 3rd & Walnut Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 319 Walnut Ave

Last leased for $2,395 on March 2nd, 2022

  • March, 2022

  • Mar 2, 2022

    Date

    Leased

    CRMLS: PW22033256

    $2,395

    Price

  • Feb 19, 2022

    Date

    Active

    CRMLS: PW22033256

    $1,995

    Price

  • Listing provided courtesy of CRMLS

  • July, 2021

  • Jul 28, 2021

    Date

    Leased

    CRMLS: PW21136606

    $2,295

    Price

  • Jul 8, 2021

    Date

    Pending

    CRMLS: PW21136606

    $2,295

    Price

  • Jun 23, 2021

    Date

    Active

    CRMLS: PW21136606

    $2,295

    Price

  • Listing provided courtesy of CRMLS

    Updated 2 bed / 2 bath apartment with stainless steel appliances and assigned 1-car garage. Located near the infamous 4th street Retro Row with plenty of shops & restaurants, and just 4 blocks to the ocean. Updated bathrooms with the master bedroom having it’s own bathroom. Laundry in common area. Extra-large storage closet in living room, and plenty of closet space as well. Tenant pays gas and electric. Owner pays water, trash, sewer. Pets considered with additional deposit.

  • March, 2021

  • Mar 17, 2021

    Date

    Leased

    CRMLS: PW21023151

    $2,295

    Price

  • Feb 22, 2021

    Date

    Price Change

    CRMLS: PW21023151

    $2,295

    Price

  • Feb 9, 2021

    Date

    Active

    CRMLS: PW21023151

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    Updated 2 bed / 2 bath apartment with stainless steel appliances and assigned 1-car garage. Located near the infamous 4th street Retro Row with plenty of shops & restaurants, and just 4 blocks to the ocean. Updated bathrooms with the master bedroom having it’s own bathroom. Laundry in common area. Extra-large storage closet in living room, and plenty of closet space as well. Tenant pays gas, electric. Owner pays water, trash, sewer. Pets considered with additional deposit.

  • March, 2021

  • Mar 17, 2021

    Date

    Leased

    CRMLS: PW21036669

    $2,195

    Price

  • Feb 27, 2021

    Date

    Active

    CRMLS: PW21036669

    $2,195

    Price

  • Listing provided courtesy of CRMLS

    Upper unit 2 bed / 2 bath apartment with brand new stainless steel appliances, new paint, wood laminate flooring, and assigned 1-car garage. Electric fireplace in living room. Updated bathrooms with the master bedroom having its own bathroom. Located near 4th Street Retro Row with plenty of shops & restaurants, and just 4 blocks to the ocean. Laundry in common area. Tenant pays gas, electric. Owner pays water, trash, sewer. Pets considered with additional deposit.

  • February, 2021

  • Feb 1, 2021

    Date

    Leased

    CRMLS: PW20257511

    $1,995

    Price

  • Jan 12, 2021

    Date

    Pending

    CRMLS: PW20257511

    $1,995

    Price

  • Dec 15, 2020

    Date

    Active

    CRMLS: PW20257511

    $1,995

    Price

  • Listing provided courtesy of CRMLS

    Spacious 2BR/2BA upstairs unit is a part of a 6-unit complex off of 3rd Street and Walnut located conveniently in the much desired Alamitos Beach area of Long Beach, and a mere 5 block stroll to the ocean. New paint throughout and new stainless steel refrigerator has been ordered. Spacious living room, eating area off the kitchen. Laminate floors throughout, with tile floors in bathrooms. Both bedrooms have extra large closets and nice ceiling fans. Plenty of storage throughout. Master Bathroom has granite counters with mosaic backsplash. Located near downtown shops & restaurants, boasting a host of diverse cuisines. Laundry is on site and shared. 1 car garage. Radiant heating, no a/c. Minimum 12 month lease. Tenant pays electricity and gas. Owner pays water, trash and sewer. Pets will be considered with a $500 deposit for each approved pet.

  • January, 2020

  • Jan 31, 2020

    Date

    Leased

    CRMLS: PW19248914

    $1,995

    Price

  • Dec 11, 2019

    Date

    Pending

    CRMLS: PW19248914

    $1,995

    Price

  • Nov 21, 2019

    Date

    Price Change

    CRMLS: PW19248914

    $1,995

    Price

  • Nov 12, 2019

    Date

    Price Change

    CRMLS: PW19248914

    $2,095

    Price

  • Oct 22, 2019

    Date

    Active

    CRMLS: PW19248914

    $2,195

    Price

  • Listing provided courtesy of CRMLS

    Spacious 2BR/2BA upstairs unit is a part of a 6-unit complex off of 3rd Street and Walnut located conveniently in the much desired Alamitos Beach area of Long Beach, and a mere 5 block stroll to the ocean. Spacious living room, eating area off the kitchen. Newer Laminate flooring throughout, with tile floors in bathrooms. Both bedrooms have large closets and nice ceiling fans. Plenty of storage throughout unit. Located near downtown shops & restaurants, boasting a host of diverse cuisines. Appliances included stove, fridge, and dishwasher. Laundry is on site and shared. 1 car garage. Radiant heating, no a/c. Minimum 12 month lease. Tenant pays electricity and gas. Owner pays water, trash and sewer. Pets will be considered with a $500 deposit for each approved pet. We are currently in the process of doing some minor repairs, and painting to get the unit lease ready.

  • October, 2019

  • Oct 8, 2019

    Date

    Leased

    CRMLS: PW19159080

    $1,995

    Price

  • Oct 3, 2019

    Date

    Pending

    CRMLS: PW19159080

    $1,995

    Price

  • Sep 20, 2019

    Date

    Price Change

    CRMLS: PW19159080

    $1,995

    Price

  • Sep 4, 2019

    Date

    Price Change

    CRMLS: PW19159080

    $2,095

    Price

  • Aug 22, 2019

    Date

    Price Change

    CRMLS: PW19159080

    $2,195

    Price

  • Aug 5, 2019

    Date

    Price Change

    CRMLS: PW19159080

    $2,295

    Price

  • Jul 30, 2019

    Date

    Price Change

    CRMLS: PW19159080

    $2,345

    Price

  • Jul 5, 2019

    Date

    Active

    CRMLS: PW19159080

    $2,395

    Price

  • Listing provided courtesy of CRMLS

    Spacious 2BR/2BA upstairs unit is a part of a 6-unit complex off of 3rd Street and Walnut located conveniently in the much desired Alamitos Beach area of Long Beach, and a mere 5 block stroll to the ocean. Spacious living room, eating area off the kitchen. Laminate floors throughout, with tile floors in bathrooms. Both bedrooms have extra large closets and nice ceiling fans. Plenty of storage throughout. Master Bathroom has granite counters with mosaic backsplash. Located near downtown shops & restaurants, boasting a host of diverse cuisines. Appliances included stove, fridge, and dishwasher. Laundry is on site and shared. 1 car garage. Radiant heating, no a/c. Minimum 12 month lease. Tenant pays electricity and gas. Owner pays water, trash and sewer. Pets will be considered with a $500 deposit for each approved pet.

  • June, 2019

  • Jun 28, 2019

    Date

    Leased

    CRMLS: PW19146207

    $3,000

    Price

  • Jun 21, 2019

    Date

    Active

    CRMLS: PW19146207

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    3 bed, 2 bath front unit as part of a 6-unit complex off of 3rd Street and Walnut located conveniently in the much desired Alamitos Beach area of Long Beach, and a mere 5 block stroll to the ocean. All new, fresh paint throughout. Spacious living room with fireplace. All new vertical blinds have been installed in all rooms. Open kitchen with a breakfast dining area and a huge pantry for all of your goodies. Laminate floors throughout, with tile floors in bathrooms. All three bedrooms possess extra large closets. Enjoy your own small, private front yard with an enclosed gate for your exclusive use. Located near downtown shops & restaurants, boasting a host of diverse cuisines. Appliances included stove, fridge, and dishwasher. Laundry is on site and shared. Minimum 12 month lease. Tenant pays electricity and gas. Owner pays water, trash and sewer. Pets will be considered with a $500 deposit for each approved pet.

  • May, 2019

  • May 24, 2019

    Date

    Leased

    CRMLS: PW19070607

    $2,395

    Price

  • Apr 24, 2019

    Date

    Price Change

    CRMLS: PW19070607

    $2,395

    Price

  • Apr 15, 2019

    Date

    Price Change

    CRMLS: PW19070607

    $2,445

    Price

  • Mar 29, 2019

    Date

    Active

    CRMLS: PW19070607

    $2,495

    Price

  • Listing provided courtesy of CRMLS

    Updated 2 bed / 2 bath apartment with stainless steel appliances and assigned 1-car garage. Located near the infamous 4th street Retro Row with plenty of shops & restaurants, and just 4 blocks to the ocean. Updated bathrooms with the master bedroom having it’s own bathroom. Laundry in common area. Extra-large storage closet in living room, and plenty of closet space as well. Minimum 12 month lease. Tenant pays gas, electric. Owner pays water, trash, sewer. Call regarding pets. Move-in immediately.

  • March, 2019

  • Mar 29, 2019

    Date

    Sold

    CRMLS: PW18272129

    $2,575,000

    Price

  • Mar 19, 2019

    Date

    Pending

    CRMLS: PW18272129

    $2,600,000

    Price

  • Jan 3, 2019

    Date

    Active

    CRMLS: PW18272129

    $2,600,000

    Price

  • Dec 26, 2018

    Date

    Hold

    CRMLS: PW18272129

    $2,600,000

    Price

  • Nov 13, 2018

    Date

    Active

    CRMLS: PW18272129

    $2,600,000

    Price

  • March, 2019

  • Mar 28, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,575,000

    Price

Show More

Tax History for 319 Walnut Ave

Assessed Value (2020): $2,626,500
Year Land Value Improved Value Assessed Value
2020 $1,530,000 $1,096,500 $2,626,500

Home Value Compared to the Market

This property vs the competition

319 Walnut Ave sold on March 28, 2019 for 191.48% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $394 per/sqft which puts the price per square foot 40.21% lower than the current median sale per square foot for the city of Long Beach.

About 319 Walnut Ave

Detailed summary of property

319 Walnut Ave is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 13 bedrooms, 12 bathrooms, roughly 6,599 living square feet, and sits on an approximately 6,166 square foot lot. 319 Walnut Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $2,575,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 191.48% higher than the current median priced home. Local homes that are currently for sale include 263 Corona Avenue, 263 Corona Ave and 1548 W 19th St. While the average home in Long Beach, CA is selling in 53 days, 319 Walnut Ave has a days on market of 89 days. There are currently 704 homes for sale in the Long Beach real estate market and 385 of them are single family homes while 296 of them are condos and 23 are townhomes. For more information on this home for sale at 319 Walnut Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 319 Walnut Ave

Public county record property details
Beds
12
Baths
8
Year built
1967
Sq. Ft.
6,599
Lot Size
6,165
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7275-008-011

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$549,900
Median List Price/Sq.Ft.
$623
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$580
Total Inventory
158
Median Sale to List Price %
90.91%
Avg Days on Market
58
Loan Type
Conventional (60.71%), FHA (7.14%), VA (0%), Cash (21.43%), Other (10.71%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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