1136 Linden Ave - 8 Unit Apartment Building
$1,725,000
1136 Linden Avenue, Long Beach, CA 90813
3.02
Cap Rate
5.76
Pro Forma Cap Rate
Details:
Highlights:
- 8 Unit Multi Family
- 1 and 2 Bedroom Apartments
Description:
We are pleased to present a rare opportunity to acquire a well-performing 8-unit multifamily investment property located in one of Southern California’s most desirable coastal rental markets. Situated at 1136 Linden Avenue in Long Beach, the property offers investors stable in-place income with significant value-add potential in a high-demand infill location.
The asset consists of eight spacious one- and two-bedroom units totaling approximately 4,937 rentable square feet, situated on a 7,271 square foot lot. The attractive unit mix appeals to a broad tenant base and supports consistent occupancy in a strong rental market.
Located in the North of East Village neighborhood, the property benefits from strong rental demand, a dense population base, and ongoing neighborhood revitalization. Residents enjoy convenient access to shopping, restaurants, entertainment, and public transportation.
A key highlight of the property is the ±968 square foot garage structure located at the rear of the lot, which is currently underutilized and presents multiple opportunities for additional income and long-term value creation.
Documents:
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1136_Linden_Ave_-_OMCB-J_Final.pdf
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Location
Gallery