REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,575,000
Est. payment /mo
New
1430 Linden AVE Long Beach, CA 90813
2 Beds
9 Baths
4,051 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,051 sqft
Price per Sqft $388
MLS Listing ID 25631677
Bedrooms 2
HOA Y/N No
Year Built 1920
Lot Size 6,838 Sqft
Property Description
Priced to sell at 9.65 GRM and 6.8% CAP with upside to 9 GRM and a 7.6% CAP. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.8%). Located on a beautiful, quiet, tree lined street. The property was purchased in 2018 and completely remodeled down to the studs. Everything is new - plumbing, electric, interiors, windows, etc. - Seller spent over $400K total. The property is professionally managed and well maintained. There are 2 structures on the lot - 2 large 1 bedrooms in the front, and 7 studio units in the rear. The property also has 9 storage spaces that could be rented out for $75-100 per month each. There is onsite laundry as well. Qualified Buyers can put down as little as 25%. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Contact LA for more info including a Rent Roll and OM.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR2N
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269030011
Special Listing Condition Standard
Listed by Jonathan Swire The Agency