601 Linden ave, Long Beach, CA 90802
Active
$3,150,000
9%
12 Units
0 Beds
12 Baths
8,100 Area(sq.ft.)
Lot: 2,994 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 10 | studio | 1 | No | $ 1,785 | $ 17,845 | $ 18,250 |
| Unit 2 | 2 | 1 | 1 | No | $ 1,975 | $ 3,950 | $ 4,200 |
| 12 | 2 | 12 | $ 21,800 | $ 186,350 | $ 190,900 |
| MLS #: | 25500017 |
| Days On Market: | 300 |
| Listing Date: | February 18, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 389 |
| Price per unit: | $ 262,500 |
| Year Built: | 1929 |
Property Details
601 Linden Avenue is a fully renovated, 12-unit asset in the East Village Arts District of Downtown Long Beach. Extensive permitted upgrades to building systems, interiors, and exterior completed. Units offer modern amenities such as washer & dryer hookups, dishwashers, secured access, stainless steel appliances, and more in a classic 1929 building. Turnkey asset with in-place rents at market levels. Thoughtful renovations, and strong asset management provide the opportunity for a new owner to enjoy cash flow on day one.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 263,958 |
| Total Annual Expense: | $ 97,989 |
| Net Operating Income: | $ 165,969 |
| Gross Annual Income: | $ 271,804 |
| Gross Rent Multiplier: | 11.59 |
Structure
| Type of Units: | Apartments |
| Buildings: | 3 |
| Levels: | Three Or More |
Land & Parking
| Parking Garage: | None |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
Exterior
Detailed Map
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Income
