317 Walnut Avenue is a 10-unit asset in popular Alamitos Beach, walking distance to the beach and Long Beach bike bath, as well as the dining and nightlife amenities of 4th Street/Retro Row. The building offers a mix of seven one-bedroom / one-bath and three two-bedroom / one-bath units. The stylish accomodations feature refurbished hardwood floors, reclaimed wood fireplaces and modern updated kitchens and baths. The property offers eight parking spaces and on-site laundry. With an attractive 4.61% cap rate, 317 Walnut Avenue offers investors an opportunity to own a renovated asset with turnkey units in a highly desirable rental submarket.