Description

834 Walnut presents a rare opportunity to acquire a large, well-maintained 4-unit apartment building just 8 blocks from the beach in one of Long Beach’s most desirable rental markets. Situated on a 6,065 sqft lot, the property offers approximately 3,993 sqft of living space and features an ideal unit mix for both investors and owner-occupants. The front “owner’s unit” is exceptionally large and consists of 6 bedrooms, 2 bathrooms, and a spacious laundry room, creating a variety of potential use cases including owner occupancy, multigenerational living, or a high-income “rent by the room” strategy. The rear of the property includes (3) well-positioned 2-bedroom/1-bath units with strong in-place rents, providing stable cash flow from day one. The property also features a shared laundry room with coin-operated machines for additional income, plus (5) garages and driveway parking. Ideally located near Downtown Long Beach, 4th Street Retro Row, Belmont Shore, and just 8 blocks from the beach, this property offers strong appeal for owner-occupants, long-term investors, ADU developers, or buyers looking to maximize income through a rent-by-the-room strategy in the front unit.