1135 Linden Avenue, Long Beach CA, 90813

Active

1135 Linden Avenue

Long Beach CA, 90813

$1,450,000

$349.73 per sqft

Active

4,146 sqft

Multi-family

Built in 1922

Listed by Jack Tanner with Beach Cities Properties, Inc. 562-938-7653

BACK ON THE MARKET >>>>> We are proud to present a good investment in a stong rental area of Long Beach. The mix is one larger 960 square foot two bedroom/one bath unit, over four garages with alley access. There are six one bedroom/one bath units, with the same 531 square foot floor plan contained in one easy to maintain garden style building. With the same continuous ownership for the last 36 years you know it is worth being the next in line to benifit from this property in your portfolio. The real value here is in the upside of the rents on an undervalued building of this size. At the proforma market rents, it will be a profitable 11.22 GRM. and 6.7 CAP. Please drive by to see the quality of the neighboring properties and single family residence. This apartment complex should prove to very inviting to educated investors. The most recently leased unit #1145 proves the $1,495 proforma rents. Current rents are based on increases due to go in effect on March 1st. If any tenants choose to move, then the $1,495 (1/1) or $1,795 (2/1) market values, makes the numbers even better on the value added.

PW23209583

MLSⓇ ID

November 10, 2023

Listed

May 9, 2024

Updated

Map

1135 Linden Avenue
Long Beach CA, 90813

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: Yes
Fireplace Description: None
Cooling: No
Cooling Description: None
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.17 Acres
Lot Features: Street Level
Sewer: Public Sewer

Other Property Details

Area Name: 4 - Downtown Area, Alamitos Beach
Days on Market: 121
Garage: Yes
Garage Spaces: 4
Parking Total: 4
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Buyer Agency Compensation: 2.5%

Listing Contact: 562-938-7653

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 5/9/2024 at 3:41 PM UTC