We are 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.
Mls | PW24201233 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Active |
Year | 1973 |
Days On Site | 74 |
Listing Provided By | Marcus & Millichap 562-257-1200 | Kevin King |
Sq Feet | 6,868 |
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Garage | 4 |
Storys | 2 |
Units | 10 |
Buildings | 1 |
Zoning | LBPD30 |
Acreage | 0.17 |
State | CA |
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County | Los Angeles |
City | Long Beach |
Zip Code | 90802 |
Area | 699 Not Defined |
Listing VS Median (in 90802) | |
Price: $2,500,000 low | high Med: $449,000 SqFt: 6,868 low | high Med: 660 $ / SqFt: $364 low | high Med: $680 On Site: 74 low | high Med: 33.000000 |