7

6107 LINDEN AVE Long Beach, CA 90805

$2,425,000

Bedrooms

Total Baths

Full Baths

6,610

Square Feet

0.16

Acres

1962

Year Built

62 days

On Website

Active

Status

We are pleased to present a completely turn-key apartment building located in Long Beach, California. Built in 1959, the subject property consists of 6,450 rentable square feet spread throughout a 6,500 square foot lot. Eight units are 2 bedroom / 1 bathroom units and one unit is 3 bedroom / 2 bathroom. There are 6 garages and storage for tenant convenience and can also be used to generate income for the owner. It has a pitched roof and is also separately metered for gas and electricity which helps keep expenses to a minimum. There is also a laundry room which makes additional income. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a high demand rental market with strong in place income in one of the best neighborhoods of Long Beach.

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Details


Interior
Living Area
6,610 SqFt.

Building And Construction
Number Of Units Total
9
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1962

Exterior And Lot
Lot Size Acres
0.1607
Lot Size Square Feet
7001
Lot Size Units
Square Feet
Parking Total
6
Zoning
LBR3T

Area And Schools
City
Long Beach
County Or Parish
Los Angeles
Subdivision Name
North Long Beach (nlb)

Financial Info
Buyer Agency Compensation
2.5%

Listing By Marcus & Millichap – Kevin King

MLS# PW21165954

Data Last Updated 5:15PM - 9/28/2021

California Regional MLS

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.

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