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.
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.
Property Details
Price:
$2,500,000
MLS #:
PW24201233
Status:
Active
Baths:
0
Address:
525 Linden Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
Long Beach
Listed Date:
Sep 27, 2024
State:
CA
ZIP:
90802
Lot Size:
7,536 sqft / 0.17 acres (approx)
Year Built:
1973
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Curbs, Sidewalks
Garage Spaces
4.00
Lot Features
6-10 Units/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer, Septic Type Unknown, Unknown
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address525 Linden Avenue Long Beach CA
- Area699 – Not Defined
- CityLong Beach
- CountyLos Angeles
- Zip Code90802
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
525 Linden Avenue
Long Beach, CA
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