525 Linden Avenue

Long Beach, CA 90802

About this property

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.

About this property

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.

Features and Additional Information

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$2,500,000 Active
6,868 SQFT

Presented By Coldwell Banker Home Source

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Get in touch today! Phone: 1-760-684-8100
License #01902736
Brokerage
Marcus & Millichap 562-257-1200
1-562-257-1200
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Area Information

699 Not Defined | Los Angeles County |

$ 2,500,000
This listing is play_arrow 456.8% higher than the average in the area
$ 449,000 in the area
6,868 SqFt
This listing is play_arrow 940.6% larger than the average in the area
660 SqFt in the area
$ 364 $/SqFt
This listing is play_arrow 46.5% less than the average in the area
$ 680 $/SqFt in the area
65 days on site
This listing is play_arrow 170.8% above the average in the area
24 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
Listed By Kevin King
Brokerage: Marcus & Millichap 562-257-1200

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