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31143242
31143243

1136 Linden Ave, Long Beach, CA 90813

JW
CA California, CA 01754343
Coldwell Banker Commercial NRT San Marino
Listed by Coldwell Banker Commercial NRT San Marino
$1,725,000
78 days on market
Updated 78 days ago

1136 Linden Ave - 8 Unit Apt Bldg

Details
APN 7274-001-008
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,937
Net Rentable (SqFt) 4,937
Units 8
Cap Rate 3.03%
NOI $52,265
Occupancy 88%
Pro-Forma Cap Rate 5.76%
Pro-Forma NOI $99,313
Price per SqFt $349
Class C
Year Built 1950
Buildings 1
Stories 2
Lot Size (SqFt) 7,271
Zoning LBR4N
Parking Spaces 4 spaces
Parking Per SqFt 0.81
Investment Type Value Add
Ground Lease No
Ownership Fee Simple

Well performing asset with 5.76% Cap Pro Forma

Marketing description

We are pleased to present a rare opportunity to acquire a well-performing 8-unit multifamily investment property located in one of Southern California’s most desirable coastal rental markets. Situated at 1136 Linden Avenue in Long Beach, the property offers investors stable in-place income with significant value-add potential in a high-demand infill location.

The asset consists of eight spacious one- and two-bedroom units totaling approximately 4,937 rentable square feet, situated on a 7,271 square foot lot. The attractive unit mix appeals to a broad tenant base and supports consistent occupancy in a strong rental market.

Located in the North of East Village neighborhood, the property benefits from strong rental demand, a dense population base, and ongoing neighborhood revitalization. Residents enjoy convenient access to shopping, restaurants, entertainment, and public transportation.

The property is located just 1.5 miles from Downtown Long Beach, the Pacific Ocean, and the revitalized Shoreline District, placing tenants within minutes of major employment centers and lifestyle amenities.

A key highlight of the property is the ±968 square foot garage structure located at the rear of the lot, which is currently underutilized and presents multiple opportunities for additional income and long-term value creation.

Investment highlights

8-Unit Multifamily Property
Desirable one- and two-bedroom unit mix
Walking distance to St Mary Hospital
Strong rental demand location

Listing Contacts

JW
CA California, CA 01754343
Coldwell Banker Commercial NRT San Marino
Listed by Coldwell Banker Commercial NRT San Marino

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$52,265.00
$4,355.42/mo

Valuation Metrics

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DSCR
3.03%
Cap Rate
3.03%
ROI

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Additional Information

Name
Jeff Wiggins
License
California
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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