1332 Walnut Ave, Long Beach
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9 units in a dense rental market of Long Beach
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Excellent unit mix with one 1 bed/1 bath unit, six 2 bed/1 bath units, and two 3 bed/1 bath units
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Significant recent improvements completed, including new windows, new paint, newer roof, unit interiors remodeled
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Strong actual income at 11.5X gross
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5 garages plus 4 off street parking spaces
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Well located asset just outside of Downtown Long Beach and about 1 mile to Alamitos Beach
sold
PRICE
$2,400,000
ANNUAL INCOME
$202,380
ANNUAL NOI
$139,325
ANNUAL EXPENSE
$63,969
Rental Cost Details
| # OF UNITS | # OF BEDROOMS | # OF BATHS | ACTUAL RENT | TOTAL RENT | PRO FORMA | TOTAL PRO FORMA |
| 1 | 1 | 1 | $1,495 | $1,495 | $1,495 | $1,495 |
| 1 | 2 | 1 | $1,795 | $1,795 | $1,795 | $1,795 |
| 1 | 2 | 1 | $1,795 | $1,795 | $1,795 | $1,795 |
| 1 | 2 | 1 | $1,795 | $1,795 | $1,795 | $1,795 |
| 1 | 3 | 1 | $2,300 | $2,300 | $2,300 | $2,300 |
| 1 | 2 | 1 | $1,795 | $1,795 | $1,795 | $1,795 |
| 1 | 2 | 1 | $1,795 | $1,795 | $1,795 | $1,795 |
| 1 | 2 | 1 | $1,795 | $1,795 | $1,795 | $1,795 |
| 1 | 3 | 1 | $2,300 | $2,300 | $2,300 | $2,300 |
| TOTAL # OF UNITS | TOTAL # OF BEDROOMS | TOTAL # OF BATHS | GRAND TOTAL RENT | GRAND TOTAL PRO FORMA | ||
| 9 | 19 | 9 | $16,865 | $16,865 |
