1451 Walnut Avenue, Long Beach, California 90813, Long Beach, 90813 - bed, bath

1451 Walnut Avenue, Long Beach, California 90813 home-pic-0
ACTIVE$875,000
1451 Walnut Avenue, Long Beach, California 90813
0Bed
0Bath
2,396Sqft
5,127Lot
Year Built
1931
Close
-
List price
$875K
Original List price
$925K
Price/Sqft
$365
HOA
-
Days on market
-
Sold On
-
MLS number
PW25142264
Home ConditionFair
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $875.0K(62th), sqft - 2396(54th), beds - undefined(50th), baths - undefined(50th).

Welcome to this charming and recently updated two-story duplex located in the heart of vibrant Long Beach! The exterior has been freshly painted, giving the property a clean, modern look. Enjoy plenty of off-street parking with convenient access through the alley — a rare find in this area! Each unit is spacious, well maintained, and occupied by reliable long-term tenants, making this an excellent investment opportunity with immediate rental income. Whether you're a savvy investor or a homeowner looking to live in one unit and rent out the other, this property offers flexibility and strong rental potential. The location is unbeatable — just minutes from downtown Long Beach, the waterfront, and popular attractions like The Pike, Aquarium of the Pacific, and Shoreline Village. You'll also have quick access to major freeways including the 405 and 710, making commuting a breeze. Don’t miss out on this prime opportunity in one of Southern California’s most dynamic coastal cities! Location, value, and potential — this property has it all.

Price History

Date
Event
Price
06/18/93
Sold
$130,000
08/11/89
Sold
$153,000
Condition Rating
Fair

The property was built in 1931 and the description mentions it has been recently updated, including fresh exterior paint. However, the images do not show the interior of the units, making it difficult to assess the condition of the kitchens and bathrooms. Given the age of the property, it's likely that while it's been maintained, it requires some updates to bring it to modern standards. The description also mentions long-term tenants, suggesting that the units may not have been fully renovated recently.
Pros & Cons

Pros

Investment Opportunity: The property is a duplex with two units, offering immediate rental income from long-term tenants.
Prime Location: Located in the heart of Long Beach, close to downtown, the waterfront, The Pike, Aquarium of the Pacific, and Shoreline Village.
Convenient Transportation: Easy access to major freeways (405 and 710), making commuting convenient.
Off-Street Parking: Offers plenty of off-street parking with convenient access through the alley, a rare find in the area.
Recently Updated: The exterior has been freshly painted, giving the property a clean, modern look.

Cons

Age of Property: Built in 1931, the property may require ongoing maintenance and potential upgrades due to its age.
Potential for Deferred Maintenance: While updated, older properties can sometimes have hidden issues that may require attention.
Original List Price Reduction: The property has experienced a price reduction, which may indicate market resistance or perceived issues.

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