636 Linden Ave - Apartments FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$3,550,000 USD
310-463-2916
636 Linden Ave, Long Beach, CA for Sale
$3,550,000 USD
Apartments - FOR SALE
1/11
null | 5.75% Cap Rate

636 Linden Ave
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Priced at 10.29 GRM at Current Rents
  • Only $177,500 per Door
  • Prime East Village Arts District
  • Upgraded Electrical Panels and Plumbing
  • 17 of 20 Units Renovated

OVERVIEW

636 Linden Avenue is a 20-unit apartment asset located in vibrant East Village Arts District, Downtown Long Beach. The asset is priced at just $177,500 per unit, 10.29 GRM and 5.75% cap rate at current rents. The property is comprised of all studio units, with 17 of the 20 units fully renovated with new flooring and upgraded kitchens and baths. The secured-access building features upgraded electrical panels and plumbing, as well as separately metered utilities. With a Walk Score o 95, the property is conveniently located adjacent to East Village Arts District, Downtown Long Beach, Shoreline Village, and the beach/bike path.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

20

PRICE/UNIT

$177,500

CAP RATE

5.75%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10.29 GRM | $177,500 per Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,518 SF

ZONING

LBPD30

APN/PARCEL ID

7274-018-010

ASK ABOUT THIS PROPERTY

Robert SteppStepp CommercialMore Info
310-463-2916

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Robert SteppStepp CommercialMore Info
310-463-2916

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