• Excellent East Village Arts District Location - Walk Score of 97
• Well maintained property
• Upgraded electric panels
• Approximately 18% rental upside
• 6.2% Cap Rate – current rents 8.1% Cap Rate – market rents
• 13.1% Pro Forma return
Located in the heart of Long Beach’s vibrant East Village Arts District, 626 Linden Avenue places residents within walking distance of dining, shopping, and entertainment. This central location in one of Downtown Long Beach’s most desirable rental submarkets, where demand is supported by walkability, employment accessibility, and proximity to the city’s coastal amenities and close access to the Metro and major freeways.
The East Village, just southeast of Downtown Long Beach, it is home to over 50 small businesses, restaurants, and boutique hotels, and galleries. This desirable location attracts young tenants ranging from CSULB students, creative professionals and people working port related jobs which provides over 50,000 high paying jobs. Long Beach is the 7th largest city in California and offers a unique blend of a casual coastal lifestyle and urban convenience with lots of employment opportunities. Major industries include port logistics, aerospace and aviation, healthcare and tourism.