601 Linden Ave - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$3,150,000 USD
949-725-8519
601 Linden Ave, Long Beach, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/10
null | 5.27% Cap Rate

601 Linden Ave
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Prime Downtown Long Beach Location (Walk Score: 97)
  • Recent Capital Improvements Include Extensive Permitted Upgrades to Building Systems, Interiors & Exterior Completed
  • Stabilized In-Place Cash Flow
  • Spacious Studio & One-Bedroom Units
  • Community & Unit Amenities Include Secured Access, Washer/Dryer Hookups & Exposed Brick in Select Units

OVERVIEW

601 Linden Avenue is a fully renovated, 12-unit asset in the East Village Arts District of Downtown Long Beach. Extensive permitted upgrades to building systems, interiors, and exterior completed. Units offer modern amenities such as washer & dryer hookups, dishwashers, secured access, stainless steel appliances, and more in a classic 1929 building. Turnkey asset with in-place rents at market levels. Thoughtful renovations, and strong asset management provide the opportunity for a new owner to enjoy cash flow on day one.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

12

PRICE/UNIT

$262,500

CAP RATE

5.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,994 SF

ZONING

-

APN/PARCEL ID

7273-028-018

ASK ABOUT THIS PROPERTY

949-725-8519

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949-725-8519

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