1136 Linden Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,630,000 USD
310-363-4681
1136 Linden Ave, Long Beach, CA for Sale
$1,630,000 USD
Apartments - FOR SALE
1/17
null | 5.28% Cap Rate

1136 Linden Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Attractive "Value-Add" Opportunity
  • Potential ADU Development (Buyer to verify with the City)
  • Significant NOI Growth Potential
  • SB 721 Compliant
  • Strong Unit Mix (1's & 2's)
  • Upgraded Electrical, Pitched Roof, Additional Parking and Laundry Income

OVERVIEW

Exceptional value-add opportunity in the City of Long Beach! This SB 721 compliant 8-unit apartment building features a desirable unit mix of six 1BD/1BA and two 2BD/1BA units, offering investors immediate upside potential and long-term NOI growth. Four vacant units provide a new owner with immediate control to renovate and re-tenant at current market rents, while remaining tenants sit below market — creating additional upside through natural turnover. The property is well-positioned for continued rent growth in one of Long Beach's strongest rental corridors. Key highlights include a pitched roof, upgraded electrical, on-site laundry, and four dedicated parking spaces — a rare amenity in this submarket that drives leasing demand and tenant retention. Additional income is generated through parking and laundry facilities. The on-site garage presents a compelling ADU conversion opportunity (Buyer to verify with City), offering a clear path to increased density and long-term asset appreciation. Do not disturb tenants.

FOR SALE DETAILS

PRICE

$1,630,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

8

PRICE/UNIT

$203,750

CAP RATE

5.28%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

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

310-363-4681

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310-363-4681

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