Substantially renovated in 2022, 1408 Walnut Avenue is a fully stabilized four-unit multifamily investment property located in the heart of Long Beach. With modernized interiors, strong in-place rents, and a prime location near employment centers, this property checks all the boxes for a reliable long-term hold. Each unit has its own parking garage! Major improvements completed in 2022 include a complete re-piping of the entire property to pex plumbing, Units B, C and D have renovated kitchens and bathrooms with new cabinetry, countertops and fixtures, new flooring and paint and lighting throughout. The exterior was just freshly re-painted and this 4-plex has ADU potential by converting existing garages! Situated near Downtown Long Beach, Signal Hill, and key freeways, 1408 Walnut offers tenants excellent access to retail, dining, schools, and transit, ensuring strong rental demand.
Sold for $1,250,000
Listing Provided by: Marterra Real Estate
Bought with: Y Realty
$1,250,000
1408 Walnut Ave, Long Beach, CA 90813
7beds
4baths
3,538sqft
Quadruplex
Built in 1929
-- sqft lot
$1,265,700 Zestimate®
$353/sqft
$2,306 Estimated rent
Home value
$1,265,700
$1.15M - $1.39M
$2,306/mo
Zestimate® history
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Modernized interiorsRenovated kitchens and bathrooms
Zillow last checked:
Listing updated:
Listing Provided by:
Christine Morgan DRE #01839037 949-910-1042,
Marterra Real Estate,
Daniel Morgan DRE #01901285,
Marterra Real Estate
Bought with:
Marvin Phillip, DRE #01464525
Y Realty
Source: CRMLS,MLS#: OC25243436
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Gas Range
- Laundry: Gas Dryer Hookup, Inside
Features
- Flooring: Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,538
- Total interior livable area: 3,538 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 4,904 sqft
- Features: Street Level
Details
- Parcel number: 7261014024
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Long Beach
- Subdivision: Poly High (Ph)
HOA & financial
Other financial information
- Total actual rent: 8225
Other
Other facts
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 12/23/2025 | Sold | $1,250,000$353/sqft |
Source:  CRMLS #OC25243436 Report a problem | ||
| 12/1/2025 | Pending sale | $1,250,000$353/sqft |
Source: CRMLS #OC25243436 Report a problem | ||
| 11/18/2025 | Listed for sale | $1,250,000$353/sqft |
Source: CRMLS #OC25243436 Report a problem | ||
| 11/3/2025 | Contingent | $1,250,000$353/sqft |
Source: CRMLS #OC25243436 Report a problem | ||
| 10/20/2025 | Listed for sale | $1,250,000+38.9%$353/sqft |
Source: CRMLS #OC25243436 Report a problem | ||
| 12/21/2020 | Sold | $900,000+0%$254/sqft |
Source:  CLAW #20587738 Report a problem | ||
| 11/10/2020 | Pending sale | $899,900$254/sqft |
Source: Bankers Realty Exclusive, Inc. #20587738 Report a problem | ||
| 7/1/2020 | Price change | $899,9000%$254/sqft |
Source: Bankers Realty Exclusive, Inc. #20587738 Report a problem | ||
| 4/3/2020 | Price change | $899,9990%$254/sqft |
Source: Bankers Realty Exclusive, Inc. #19528968 Report a problem | ||
| 3/22/2020 | Price change | $900,000-5.3%$254/sqft |
Source: Bankers Realty Exclusive, Inc. #19528968 Report a problem | ||
| 1/21/2020 | Price change | $950,000-0.5%$269/sqft |
Source: Bankers Realty Exclusive, Inc. #19528968 Report a problem | ||
| 12/28/2019 | Price change | $954,900-1%$270/sqft |
Source: Bankers Realty Exclusive, Inc. #19528968 Report a problem | ||
| 11/12/2019 | Price change | $964,900-1%$273/sqft |
Source: Bankers Realty Exclusive, Inc. #19528968 Report a problem | ||
| 11/11/2019 | Price change | $974,900-0.5%$276/sqft |
Source: Bankers Realty Exclusive, Inc. #19528968 Report a problem | ||
| 10/14/2019 | Price change | $979,9000%$277/sqft |
Source: Bankers Realty Exclusive, Inc. #19-500132 Report a problem | ||
| 10/2/2019 | Price change | $979,999-0.5%$277/sqft |
Source: Bankers Realty Exclusive, Inc. #19-500132 Report a problem | ||
| 9/24/2019 | Price change | $984,9990%$278/sqft |
Source: Bankers Realty Exclusive, Inc. #19-500132 Report a problem | ||
| 9/10/2019 | Listed for sale | $985,000+278.8%$278/sqft |
Source: Bankers Realty Exclusive, Inc. #19-500132 Report a problem | ||
| 9/30/2002 | Sold | $260,000-25%$73/sqft |
Source: Public Record Report a problem | ||
| 3/26/2002 | Sold | $346,504+6.6%$98/sqft |
Source: Public Record Report a problem | ||
| 4/11/2000 | Sold | $325,000+69.3%$92/sqft |
Source: Public Record Report a problem | ||
| 7/19/1999 | Sold | $192,000$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,336 +4.6% | $974,187 +2% |
| 2024 | $12,746 +1.7% | $955,086 +2% |
| 2023 | $12,530 +6.5% | $936,360 +2% |
| 2022 | $11,770 +2.1% | $918,000 +2% |
| 2021 | $11,525 -4.4% | $900,000 -4% |
| 2020 | $12,052 | $937,166 +2% |
| 2019 | $12,052 +4.3% | $918,791 +2% |
| 2018 | $11,553 | $900,776 +2% |
| 2017 | $11,553 +1.1% | $883,115 +2% |
| 2016 | $11,432 +7.6% | $865,800 +1.5% |
| 2015 | $10,622 +4.8% | $852,795 +2% |
| 2014 | $10,135 | $836,090 +2.5% |
| 2012 | -- | $815,994 +2% |
| 2011 | -- | $799,996 +0.8% |
| 2010 | -- | $794,018 -0.2% |
| 2009 | -- | $795,905 +2% |
| 2008 | -- | $780,300 +2% |
| 2007 | -- | $765,000 |
| 2006 | -- | $765,000 +177.6% |
| 2005 | -- | $275,551 +4% |
| 2004 | -- | $264,853 +1.9% |
| 2003 | -- | $260,000 +30.2% |
| 2002 | -- | $199,756 +4% |
| 2000 | -- | $192,000 |
Find assessor info on the county website
Neighborhood: Poly High District
Nearby schools
GreatSchools rating
- 5/10Whittier Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Franklin Classical Middle SchoolGrades: 6-8Distance: 0.8 mi
- 7/10Polytechnic High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$1,265,700
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Estimated market value
$1,265,700
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