433-439 Linden Ave - Apartments FOR SALE


Long Beach, CA 90802
$2,100,000 USD
310-408-4364
433-439 Linden Ave, Long Beach, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/5
null | 5.33% Cap Rate

433-439 Linden Ave
Long Beach, CA 90802


HIGHLIGHTS

  • Fully Rehabbed with Copper Plumbing, New Electrical, New Roof, and New Windows
  • Excellent East Village Location
  • All Two and Three Bedroom Units
  • Below Market Rents

OVERVIEW

Excellent opportunity to acquire a well maintained "Turnkey" 6 unit building in a great Long Beach location. The building has been impeccably maintained and features 4 Two Bedroom One Bath units, 1 Three bedroom One Bath unit, and 1 Three Bedroom Two Bath units. The units are separately metered for utilities and the two Three Bedroom units are also separately metered for water. Currently the rents are below market allowing for a new owner to capitalize on some easy upside. Over the years the building has been upgraded and today is completely copper replumbed, has upgraded electrical, new windows and most recently a new roof.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

6

PRICE/UNIT

$350,000

CAP RATE

5.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

RR4H, Long Beach

APN/PARCEL ID

7281-007-005

ASK ABOUT THIS PROPERTY

Joseph LinkogleMarcus & MillichapMore Info
310-408-4364

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Joseph LinkogleMarcus & MillichapMore Info
310-408-4364

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.