533 Walnut Avenue #7
About This Property
The main level features an open-concept living area with recessed lighting, a cozy fireplace, engineered hardwood flooring, and abundant natural light. The updated kitchen is both functional and inviting, featuring painted cabinetry, stainless steel appliances, and a large window that brings in cheerful morning sun.
Upstairs, all three bedrooms offer vaulted ceilings and the primary bedroom has its own en-suite bathroom-perfect for privacy, guests, or working from home. The primary suite opens to a private balcony where you can enjoy palm tree views and ocean breezes. The upstairs bathrooms have been tastefully remodeled, and central air conditioning was added during the current ownership for year-round comfort.
Additional highlights include two private outdoor patios, in-unit laundry, and direct access to an oversized two-car garage with plenty of storage. Situated in a small, gated community with low HOA dues, this home offers both security and convenience.
Close to the sand, Bixby Park, Retro Row, and some of Long Beach's best dining and shops-this is coastal living at its best!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2025 | Sold | ||
| Sold | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Jul 20, 2025 | Listed by Century 21 Masters | $685,000 | |
| Listed by Century 21 Masters | |||
| Mar 24, 2020 | Sold | ||
| Sold | |||
| Feb 1, 2020 | Listed by Succetti Group | $510,000 | |
| Listed by Succetti Group | |||
| | |||
|
Rare opportunity now on the market in a gated multi-level unit featuring 3 bedrooms and 3 bathrooms in a quiet, family-friendly complex close to the beach. Raised front porch entry with a large patio. Enter at the ground level into a large living room with fireplace and a connecting dining area. The dining area connects with the kitchen via a pass-thru window. The kitchen provides a breakfast nook and pantry and plenty of cabinet space. There is a half bath on this level that was remodeled in last 2 years. All three bedrooms are located upstairs, with the master featuring a private balcony, vaulted ceiling, and en suite bathroom. The other 2 bedrooms are spacious and share a full bathroom in the hall. The lowest level provides your own laundry room with and a 2-car garage with a built-in storage room. Newer paint and laminate flooring without. You don't want to miss out on this opportunity to make this house YOUR home!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/20/2025
|
3 Bed
|
3 Bath
|
1420 ft²
|
$685,000
3 Bed
3 Bath
1420 ft²
|
$685,000
09/05/2025
|
Melinda Elmer
Century 21 Masters
| |
|
01/02/2023
|
3 Bed
|
2.5 Bath
|
1475 ft²
|
$614,998
3 Bed
2.5 Bath
1475 ft²
|
-
-
|
Mollie Mitchiner-Eubanks
Seven Gables Real Estate
| |
|
10/27/2022
|
3 Bed
|
2.5 Bath
|
1420 ft²
|
$649,000
3 Bed
2.5 Bath
1420 ft²
|
$595,000
-8.32%
12/29/2022
|
Jeff Anderson
eXp Realty of California, Inc.
| |
|
03/17/2021
|
3 Bed
|
3 Bath
|
1420 ft²
|
$629,000
3 Bed
3 Bath
1420 ft²
|
$629,000
05/12/2021
|
Sammer Mudawar
| |
|
11/17/2020
|
3 Bed
|
3 Bath
|
1420 ft²
|
$699,900
3 Bed
3 Bath
1420 ft²
|
$665,000
-4.99%
06/28/2021
|
BRYANT ALVARADO
CENTURY 21 CITRUS REALTY INC
| |
|
02/01/2020
|
3 Bed
|
2 Bath
|
1420 ft²
|
$510,000
3 Bed
2 Bath
1420 ft²
|
$535,000
+4.90%
03/24/2020
|
Stefanie Amar
Succetti Group Inc
| |
|
07/22/2019
|
3 Bed
|
3 Bath
|
1420 ft²
|
$549,900
3 Bed
3 Bath
1420 ft²
|
$550,000
+0.02%
10/07/2019
|
Jessica Panzica
Keller Williams - Long Beach Pacific Estates
| |
|
09/13/2018
|
3 Bed
|
3 Bath
|
1420 ft²
|
-
3 Bed
3 Bath
1420 ft²
|
-
-
|
-
| |
|
04/16/2018
|
3 Bed
|
2 Bath
|
1420 ft²
|
$475,000
3 Bed
2 Bath
1420 ft²
|
$490,000
+3.16%
06/01/2018
|
Chris Kwon
Real Brokerage Technologies
| |
|
02/20/2018
|
3 Bed
|
3 Bath
|
1420 ft²
|
$470,000
3 Bed
3 Bath
1420 ft²
|
$470,000
08/01/2018
|
Adrian Cafuentes
Century 21 A Better Service
| |
|
09/02/2017
| |
3 Bed
|
3 Bath
|
1420 ft²
|
-
3 Bed
3 Bath
1420 ft²
|
-
-
|
-
|
|
07/28/2017
|
3 Bed
|
2 Bath
|
1420 ft²
|
$485,000
3 Bed
2 Bath
1420 ft²
|
$475,000
-2.06%
10/06/2017
|
Dustin Ives
T.N.G. Real Estate Consultants
|
Building Info
About Franklin School
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017