3415 Linden Ave - Apartments FOR SALE


Long Beach, CA 90807- Bixby Knolls
$27,995,000 USD
818-933-0350
3415 Linden Ave, Long Beach, CA for Sale
$27,995,000 USD
Apartments - FOR SALE
1/19
null | 4.38% Cap Rate

3415 Linden Ave
Long Beach, CA 90807
Bixby Knolls


HIGHLIGHTS

  • Superb Bixby Knolls Location
  • AB 1482 Statewide Rent Control Applies Only
  • Strong Rental Market (Below 5% Vacancy)
  • RUBs Implementation Upside
  • Well Parked (93 Secure At Grade Parking Spaces)
  • Reposition Opportunity

OVERVIEW

The Linden Plaza Apartments is a well maintained 93-unit community located in the Bixby Knolls area of Long Beach. Built in 1973, the community offers residents covered parking, swimming pool, storage, elevator, gym, putting green, and a barbecue and sitting area. The units are one-bedroom one-bathroom and two-bedroom and one-bathroom and range in size from 617 square feet up to 994 square feet. The property is conveniently located near the 405 and 710 Freeways, the Long Beach Airport, Memorial Medical Center, Downtown Long Beach, etc.

FOR SALE DETAILS

PRICE

$27,995,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

93

PRICE/UNIT

$301,022

CAP RATE

4.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Linden Plaza Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

93

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,288 SF

ZONING

LBR4N

APN/PARCEL ID

7145-011-041

ASK ABOUT THIS PROPERTY

Warren BerzackLee & Associates Commercial Real EstateMore Info
818-933-0350

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Warren BerzackLee & Associates Commercial Real EstateMore Info
818-933-0350

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