1135 Linden Avenue, Long Beach
Long Beach Home For Sale
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.
Property Details
Additional Information
-
- City:
- Long Beach
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- County:
- Los Angeles
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- Zip:
- 90813
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- MLS® #:
- PW23209583
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- Bedrooms:
- 8
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- Bathrooms:
- 7
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- Lot Size:
- 0.17
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- Neighborhood:
- Alamitos Beach (AB)
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- Community:
- Bartow Tract
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- Levels:
- Two
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- Garages:
- 4
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- HOA Dues:
- $
Price Change History for 1135 Linden Avenue, Long Beach, (MLS® #PW23209583)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Increased (from $1,400,000) | $1,450,000 | $50,000 (3.57%) |
Based on information from California Regional Multiple Listing Service, Inc. as of May 18th, 2024 at 8:40am PDT. 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, 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.