1136 Linden Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,725,000 USD
626-278-7745
1136 Linden Ave, Long Beach, CA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/15
null | 5.76% Cap Rate

1136 Linden Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • 8 Unit Multi Family
  • 1 & 2 Bedroom Apartments
  • Close to public transportation
  • Walking distance to St Mary Hospital
  • Garage ADU conversion potential

OVERVIEW

We are pleased to present a rare opportunity to acquire a well-performing 8-unit multifamily investment property located in one of Southern California’s most desirable coastal rental markets. Situated at 1136 Linden Avenue in Long Beach, the property offers investors stable in-place income with significant value-add potential in a high-demand infill location. The asset consists of eight spacious one- and two-bedroom units totaling approximately 4,937 rentable square feet, situated on a 7,271 square foot lot. The attractive unit mix appeals to a broad tenant base and supports consistent occupancy in a strong rental market. Located in the North of East Village neighborhood, the property benefits from strong rental demand, a dense population base, and ongoing neighborhood revitalization. Residents enjoy convenient access to shopping, restaurants, entertainment, and public transportation. A key highlight of the property is the ±968 square foot garage structure located at the rear of the lot, which is currently underutilized and presents multiple opportunities for additional income and long-term value creation. With its prime coastal location, desirable unit mix, and clear upside through additional income opportunities, 1136 Linden Avenue represents a compelling opportunity for investors seeking stable cash flow and long-term appreciation in a supply-constrained Southern California rental market.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

8

PRICE/UNIT

$215,625

CAP RATE

5.76%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,450 SF

ZONING

LBR4N

APN/PARCEL ID

7274-001-008

ASK ABOUT THIS PROPERTY

Jeff WigginsColdwell Banker Commercial RealtyMore Info
626-278-7745

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jeff WigginsColdwell Banker Commercial RealtyMore Info
626-278-7745

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.