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Listed by Robert Stepp • Keller Williams Realty Downey
$ 3,350,000
Est. payment /mo
New
636 Linden Avenue Long Beach, CA 90802
7,204 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 7,204 sqft
Price per Sqft $465
Subdivision Downtown
MLS Listing ID PW-25181875
Year Built 1939
Lot Size 7,522 Sqft
Property Sub-Type Apartment
Property Description
636 Linden Avenue is a 20-unit apartment asset located in vibrant East Village Arts District, Downtown Long Beach. The asset is priced at just $167,500 per unit, 9.71 GRM and 6.16% cap rate at current rents. The property is comprised of all studio units, with 17 of the 20 units fully renovated with new flooring and upgraded kitchens and baths. The secured-access building features upgraded electrical panels and plumbing, as well as separately metered utilities. With a Walk Score of 92 and Bike Score of 91, the property is conveniently located adjacent to East Village Arts District, Downtown Long Beach, Shoreline Village, and the beach/bike path.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks
Building
Lot Description 16-20 Units/Acre
Sewer Public Sewer