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626-632 Linden Ave
Long Beach, CA 90802 Downtown Long Beach

$1,650,000 USD

Apartments For Sale  •  7,131 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,131 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1918
  • Cap Rate 6.54 %
  • Zoning RR4H, Long Beach
80 Transit Score
90 Walk Score

Highlights

• Excellent East Village Arts District Location - Walk Score of 97
• Well maintained property
• Upgraded electric panels
• 6.2% Cap Rate – current rents 8.1% Cap Rate – market rents
• 13.1% Pro Forma return

Financial Summary (Actual)

Net Operating Income: $107,951 USD (2026)
Cap Rate: 6.54 %
Total Expenses: $52,867 USD

Amenities

  • Laundry Facilities

Public Transportation

Transit/SubwayDriveWalkDistance
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 5 min 0.3 mi
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 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)) 3 min 13 min 0.7 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 16 min 0.8 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 4.6 mi
John Wayne/Orange County 31 min - 21.0 mi
Los Angeles International 32 min - 22.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Grant Hahn 949-630-0979 Morgan-Skenderian Investment Real Estate Group
Grant Hahn 949-630-0979 Morgan-Skenderian Investment Real Estate Group