Long Beach, CA 90813,836 Linden AVE
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Long Beach, CA 90813,836 Linden AVE
Long Beach, CA 90813,836 Linden AVE
Long Beach, CA 90813,836 Linden AVE
Long Beach, CA 90813,836 Linden AVE

$1,485,000

Est. payment /mo

$1,595,000

6.9%
Est.Price: ?

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836 Linden AVE Long Beach, CA 90813

7,840 Sqft Lot

SOLD DATE : 12/17/2019

Key Details

Sold Price $1,485,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Linden Avenue (Lav)

MLS Listing ID PW19152539

Year Built 1931

Lot Size 7,840 Sqft

Property Description

We are pleased to present a six-unit multifamily community located in the excellent rental market of Downtown Long Beach, California. Built in 1931, the property has approximately 5,212 rentable square feet on an 8,212-square foot lot. Located on a quiet street, the building has a great unit mix of two studios, two one-bedroom / one-bathroom units, and two two-bedroom / two-bathroom units. The subject property has ample parking for tenants convenience.
 
The property is within a short distance to the hub of tourism, business, and transit that is Downtown Long Beach. This is a rare opportunity to acquire a quality, pride-of-ownership asset in this outstanding rental market and would make a great addition to any investors portfolio. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment of $3.3 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which is estimated to be completed late 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multi-family residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4N

Interior

Laundry None

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Sidewalks

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer, Septic Type Unknown

Water Public

New Construction No

Others

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin King • Marcus & Millichap
Bought with General NONMEMBER • CRMLS
agent

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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