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901 Walnut Ave, Long Beach, CA 90813
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901 Walnut Ave Long Beach, CA 90813

$895,000 Sold Price as of 04/01/2021
  • 4 Beds
  • 3 Baths
  • 2,302 Sq.Ft.
Sold
$895,000 Sold Price as of 04/01/2021 Refinance Your Mortgage
Map preview of 901 Walnut Ave, Long Beach, CA 90813

Property Overview: 901 Walnut Ave Long Beach, CA has 4 bedrooms, 3 bathrooms, 2,302 living square feet and 5,715 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare Investment opportunity located in Historic Craftsman Village! Fantastic corner lot location consisting of a traditional Craftsman home with beautiful architectural lines & a gracious front porch on Walnut Ave., along with a recently remodeled Duplex consisting of 2 (1x1) Units plus a separate studio located on the 9th st side of the lot. So many possibilities, along with a huge upside potential on the rents! All of these have long term tenants of 3 plus years or more. This could go as an owner user who would want to remodel the House and live in it, or for the investor looking for a nice addition to their portfolio, or for the investor who would want to remodel the front house as well as the studio for resale. Multi unit remodels in the area are going up right now due to the lack of inventory. This really is a must see as these do not hit the market very often. The Duplex was fully remodeled in 2015 with permits. Please note that interior photos are of the duplex upon its remodel prior to being occupied. There is also a fully transferable Oil & Gas lease that will provide approx $2000 annually of passive income. Showings will be conducted on weekends only, so call listing agent to schedule your showing today.

Listed by Scott Niles | BRE #01923986 | Elements Real Estate
Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 6

Home details

Lot Sq. Ft
5,715
HOA Dues
$0/mo
Year built
1922
Garage
2 Car
Property Type:
Fourplex
Status
Sold
MLS#
SB21038087
City
Long Beach
County
Los Angeles
Time on Site
1304 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 3
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,365
  • Total Rent: $1,365
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,065
  • Total Rent: $1,065
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,150
  • Total Rent: $1,150
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $855
  • Total Rent: $855
  • Pro Forma/Market Rent: $1,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $53,220
  • Net Operating Income: $51,020
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $2,200
  • Electric: $25
  • New Taxes: $10,980
  • Trash: $200
  • Insurance: $150
  • Water/Sewer: $400

Property Details for 901 Walnut Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Dryer Included, In Kitchen, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Wood
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater
Interior Features
  • Coffered Ceiling(s), Copper Plumbing Partial, Granite Counters, Laminate Counters
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition, Flat, Shingle
  • Has Fence
  • Chain Link
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Unassigned
Lot Information
  • Lot Features: Corner Lot, Front Yard, Level with Street, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7267019007
  • Year Built Source: Assessor
  • Architectural Style: Craftsman
  • Property is Attached
  • Property Condition: Building Permit, 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
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: From 7th & Cherry W on 7th to Walnut N on Walnut to address
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
Neighborhood Information
  • Community Features: Park, Sidewalks, Storm Drains
View more facts & features

Local Long Beach Agent

Sale History for 901 Walnut Ave

Last sold for $895,000 on April 1st, 2021

  • April, 2021

  • Apr 2, 2021

    Date

    Sold

    CRMLS: SB21038523

    $895,000

    Price

  • Mar 23, 2021

    Date

    Pending

    CRMLS: SB21038523

    $879,000

    Price

  • Mar 2, 2021

    Date

    Active Under Contract

    CRMLS: SB21038523

    $879,000

    Price

  • Feb 24, 2021

    Date

    Active

    CRMLS: SB21038523

    $879,000

    Price

  • Listing provided courtesy of CRMLS

    Rare Owner/User plus Investment opportunity located in Historic Craftsman Village! Fantastic corner lot location consisting of a traditional Craftsman 2 Bed 1 bath home with beautiful architectural lines & a gracious front porch on Walnut Ave., along with a recently remodeled Duplex consisting of 2 (1x1) Units plus a separate studio located on the 9th st side of the lot. So many possibilities, along with a huge upside potential on the rents! All of these have long term tenants of 3 plus years or more. This would make a great Owner/User investment if you remodeled the front house to live in and then sat back and let the other 3 units cash flow with passive rental income. This really is a must see as these do not hit the market very often. The Duplex was fully remodeled in 2015 with permits. There is also a fully transferable Oil & Gas lease that will provide approx $2000 annually of additional passive income. Please note that interior photos are of the 1x1's in the Duplex after being remodeled and prior to them being rented. Showings will be conducted on weekends only, so call listing agent to schedule your showing today.

  • April, 2021

  • Apr 2, 2021

    Date

    Sold

    CRMLS: SB21038087

    $895,000

    Price

  • Mar 23, 2021

    Date

    Pending

    CRMLS: SB21038087

    $879,000

    Price

  • Mar 2, 2021

    Date

    Active Under Contract

    CRMLS: SB21038087

    $879,000

    Price

  • Feb 24, 2021

    Date

    Active

    CRMLS: SB21038087

    $879,000

    Price

  • June, 2015

  • Jun 11, 2015

    Date

    Sold (Public Records)

    Public Records

    $595,000

    Price

  • December, 2010

  • Dec 10, 2010

    Date

    Sold (Public Records)

    Public Records

    $377,000

    Price

Show More

Tax History for 901 Walnut Ave

Assessed Value (2020): $653,863
Year Land Value Improved Value Assessed Value
2020 $456,057 $197,806 $653,863

Home Value Compared to the Market

This property vs the competition

901 Walnut Ave sold on April 1, 2021 for 7.33% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $381.84 per/sqft which puts the price per square foot 39.2% lower than the current median sale per square foot for the city of Long Beach.

About 901 Walnut Ave

Detailed summary of property

901 Walnut Ave is a fourplex that recently sold in Long Beach, CA 90813. This fourplex offered 4 bedrooms, 3 bathrooms, roughly 2,302 living square feet, and sits on an approximately 5,715 square foot lot. 901 Walnut Ave was first listed on ArdentRealEstateGroup.com on February 24, 2021. The homeowner sold the property for $895,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 7.33% higher than the current median priced home. Local homes that are currently for sale include 401 E 21st St, 2000 Pacific Ave and 2223 Locust. While the average home in Long Beach, CA is selling in 62 days, 901 Walnut Ave has a days on market of 6 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 901 Walnut Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 901 Walnut Ave

Public county record property details
Beds
5
Baths
4
Year built
1922
Sq. Ft.
2,302
Lot Size
5,714
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7267-019-007

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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