525 Linden Ave - Apartments FOR SALE


Long Beach, CA 90802
$2,500,000 USD
562-257-1200
525 Linden Ave, Long Beach, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/13
null | 5.11% Cap Rate

525 Linden Ave
Long Beach, CA 90802


OVERVIEW

Marcus and Millichap is pleased to present a 10 unit apartment building located at 525 Linden Avenue in Long Beach, California. This is a value-add opportunity in a great location of East Village in Long Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 6,868 rentable square feet spread throughout a 7,536 square foot lot. It was built in 1973 and consists of 8 one bedroom / one bathroom units and 2 two bedroom / two bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 8 garages which are able to generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$364 USD /SF

# OF UNITS

10

PRICE/UNIT

$250,000

CAP RATE

5.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

PD30, Long Beach

APN/PARCEL ID

7281-002-018

ASK ABOUT THIS PROPERTY

Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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Kevin KingKing Group of Marcus & MillichapMore Info
562-257-1200

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