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235 Linden Ave
Long Beach, CA 90802 Downtown Long Beach

$3,500,000 USD

Apartments For Sale  •  9,029 SF

Property Details

  • Property Type Apartments
  • Total Building Size 9,029 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1913
  • Zoning PD30, Long Beach
80 Transit Score
90 Walk Score

Highlights

All Units Renovated - 100% Occupancy
Approximately $275K in CapEx
Opportunity to Increase Cash Flow with RUBS Implementation
Prime East Village Arts District Commands Rental Premiums
7.17% Cap Rate / 8.76 GRM at Market

Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Freezer
  • Walk-Up
  • Smoke Detector

Public Transportation

Transit/SubwayDriveWalkDistance
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 5 min 0.2 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 8 min 0.4 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 9 min 0.5 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 5 min 19 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 12 min - 4.9 mi
John Wayne/Orange County 33 min - 21.3 mi
Los Angeles International 33 min - 22.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Covered
Included in Rent: Yes
Robert Stepp 310-463-2916 Stepp Commercial - KWPE
Robert Stepp 310-463-2916 Stepp Commercial - KWPE