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Listed by Robert Stepp • Keller Williams Realty Downey
$ 3,350,000
Est. payment | /mo
7,522 Sqft Lot
$ 3,350,000
Est. payment | /mo
7,522 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25181875
Year Built 1939
Lot Size 7,522 Sqft
Source California Regional MLS
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
Interior
Laundry Laundry Area
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 7274018010
Special Listing Condition Not Applicable
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Drew Reid
REALTOR® | Lic# 01332884