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1430 Linden Ave
Long Beach, CA 90813 Downtown Long Beach

$1,575,000 USD

Multifamily For Sale  •  4,051 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 4,051 SF
  • Year Built 1920
  • Cap Rate 6.80 %
69 Transit Score
90 Walk Score

Highlights

Priced to sell at 9.65 GRM and 6.8% CAP with upside to 9 GRM and a 7.6% CAP.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Seller spent over $400K remodeling the property down to the studs.
Excellent unit mix for the location.
NO LOCAL RENT CONTROL - just CA AB 1482.
Qualified Buyers can put as little as 25% down and earn over a 12% cash on cash return against in place rents.

Financial Summary

Cap Rate: 6.80 %

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 7 min 0.4 mi
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 mi
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 18 min 0.9 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 9 min - 4.0 mi
Los Angeles International 31 min - 21.2 mi
John Wayne/Orange County 31 min - 21.2 mi
Jon Swire 310-948-2631 The Agency
Jon Swire 310-948-2631 The Agency