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$1,450,000
3 Days Online

1135 Linden Avenue
Long Beach, CA 90813

For Sale|Single Family Home|Active
0
Beds
0
Full Baths
0
Partial Baths
4,146
SqFt
$350
/SqFt
1922
Built
Subdivision:
Alamitos Beach (Ab)
County:
Los Angeles
Listed by Jack Tanner of Beach Cities Properties, Inc. ?

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562.896.2456
1135 Linden Avenue1135 Linden Avenue1135 Linden Avenue1135 Linden Avenue
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Monthly Payment (Est.)

$6,615
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

BACK ON THE MARKET >>>>> We are proud to present a good investment in a stong rental area of Long Beach. The mix is one larger 960 square foot two bedroom/one bath unit, over four garages with alley access. There are six one bedroom/one bath units, with the same 531 square foot floor plan contained in one easy to maintain garden style building. With the same continuous ownership for the last 36 years you know it is worth being the next in line to benifit from this property in your portfolio. The real value here is in the upside of the rents on an undervalued building of this size. At the proforma market rents, it will be a profitable 11.22 GRM. and 6.7 CAP. Please drive by to see the quality of the neighboring properties and single family residence. This apartment complex should prove to very inviting to educated investors. The most recently leased unit #1145 proves the $1,495 proforma rents. Current rents are based on increases due to go in effect on March 1st. If any tenants choose to move, then the $1,495 (1/1) or $1,795 (2/1) market values, makes the numbers even better on the value added.

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Listing Snapshot
Price 
$1,450,000
Days Online 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,146 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1726 Acres
Year Built 
1922
MLS® Number 
PW23209583
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
4 days agoListing first seen online
General Features
Parking Spaces 
4
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.1726
Water 
Public
Property Sub Type 
Mixed Use
Garage Spaces 
4
Listing Conditions 
Standard
Interior Features
Cooling 
None
Heating 
Wall Furnace
Fireplace Features 
None
Laundry Features 
Common Area
Fireplace 
No
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Exterior Features
Pool Features 
None
Lot 
Street Level
Community Features
Community Features 
Street LightsUrban
Senior Community 
No
MLS Area 
4 - Downtown Area, Alamitos Beach


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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