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378 Walnut Ave, Long Beach, CA 90802
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378 Walnut Ave Long Beach, CA 90802

$775,000 Sold Price as of 04/15/2021
  • 4 Beds
  • 4 Baths
  • 1,980 Sq.Ft.
Sold
$775,000 Sold Price as of 04/15/2021 Refinance Your Mortgage
Map preview of 378 Walnut Ave, Long Beach, CA 90802

Property Overview: 378 Walnut Ave Long Beach, CA has 4 bedrooms, 4 bathrooms, 1,980 living square feet and 1,697 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a rare opportunity......this four unit building to be sold with the sister building at 384 Walnut (giving you an eight unit compound, with residential financing on each of the four unit buildings). Well maintained, all one bedroom units in this building and the majority of the units have been remodeled/rehabbed, all in a secure gated compound. All units in the neighboring building 384 are all large studio's. Low maintenance, center redwood courtyard deck for community enjoyment all under sail. All within a couple of blocks to the beach, trendy "retro row", walk-up cafe's, wine bars, pubs, shops and the Art Theatre. Central access to each of the four units, two units on the ground floor and two upstairs units with private stairwell entrances. All windows replaced with dual pane windows. Seller is selling property as-is.

Listed by Cindy Ludwig | BRE #01020764 | First Team Real Estate
Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 96

Home details

Lot Sq. Ft
1,697
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20253754
City
Long Beach
County
Los Angeles
Time on Site
1212 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $10,800
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $11,400
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $13,200
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $900
  • Total Rent: $10,800
  • Pro Forma/Market Rent: $1,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $24,600
  • Net Operating Income: $16,365
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $8,235
  • Electric: $462
  • Gas/Fuel: $462
  • New Taxes: $9,145
  • Trash: $462
  • Insurance: $2,216
  • Water/Sewer: $462

Property Details for 378 Walnut Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Wood
  • Dressing Area, Kitchen, Living Room, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Free-Standing Range, Disposal, Refrigerator
Interior Features
  • 2 Staircases, Formica Counters, Granite Counters, Unfurnished
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Rolled/Hot Mop
  • Has Fence
  • Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: Street
Lot Information
  • Lot Features: Level with Street, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7275016003
  • Year Built Source: Assessor
  • Foundation Details: Raised
  • Property is Attached
  • Accessibility Features: None
  • Offered With Property: all appliances
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: Westbound on 4th Street, left at Walnut, building on left side
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 378 Walnut Ave

Last sold for $775,000 on April 15th, 2021

  • April, 2021

  • Apr 16, 2021

    Date

    Sold

    CRMLS: PW20253754

    $775,000

    Price

  • Mar 30, 2021

    Date

    Pending

    CRMLS: PW20253754

    $775,000

    Price

  • Mar 16, 2021

    Date

    Active Under Contract

    CRMLS: PW20253754

    $775,000

    Price

  • Mar 13, 2021

    Date

    Active

    CRMLS: PW20253754

    $775,000

    Price

  • Feb 15, 2021

    Date

    Active Under Contract

    CRMLS: PW20253754

    $775,000

    Price

  • Dec 8, 2020

    Date

    Active

    CRMLS: PW20253754

    $775,000

    Price

  • December, 2012

  • Dec 31, 2012

    Date

    Sold (Public Records)

    Public Records

    $390,000

    Price

  • April, 2005

  • Apr 1, 2005

    Date

    Sold (Public Records)

    Public Records

    $595,000

    Price

Show More

Tax History for 378 Walnut Ave

Assessed Value (2020): $439,127
Year Land Value Improved Value Assessed Value
2020 $225,195 $213,932 $439,127

Home Value Compared to the Market

This property vs the competition

378 Walnut Ave sold on April 15, 2021 for 3.12% lower than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $391.41 per/sqft which puts the price per square foot 38.07% lower than the current median sale per square foot for the city of Long Beach.

About 378 Walnut Ave

Detailed summary of property

378 Walnut Ave is a multi family that recently sold in Long Beach, CA 90802. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 1,980 living square feet, and sits on an approximately 1,697 square foot lot. 378 Walnut Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $775,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 3.12% lower than the current median priced home. Local homes that are currently for sale include 59 E 55th St, 3134 E Coolidge St and 8128 Puritan St. While the average home in Long Beach, CA is selling in 51 days, 378 Walnut Ave has a days on market of 96 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 378 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 378 Walnut Ave

Public county record property details
Beds
--
Baths
--
Year built
1923
Sq. Ft.
1,980
Lot Size
1,696
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7275-016-003

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
$530,000
Median List Price/Sq.Ft.
$630
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$627
Total Inventory
130
Median Sale to List Price %
102.86%
Avg Days on Market
37
Loan Type
Conventional (51.52%), FHA (3.03%), VA (3.03%), Cash (24.24%), Other (15.15%)

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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