1208 Linden Avenue

Long Beach, CA 90813

$1,400,000
Price
11
Beds
4
Baths
4,200 Sq. Ft.
$333 / Sq. Ft.
4,200
Sq. Ft.
$333
per Sq. Ft.

Description

Investor's Dream - Rare Income-Producing Property with Assumable FHA Loan at 2.75%! Welcome to 1208 Linden Ave, a remarkable property that offers immense cash flow potential and versatile living options. This unique opportunity features two large homes on a spacious 7,249 sq ft lot, located just blocks from St. Mary’s Medical Center, the beach, and the vibrant downtown Long Beach area with its shops, restaurants, and entertainment centers. The property is also near the significant Long Beach redevelopment,...Investor's Dream - Rare Income-Producing Property with Assumable FHA Loan at 2.75%! Welcome to 1208 Linden Ave, a remarkable property that offers immense cash flow potential and versatile living options. This unique opportunity features two large homes on a spacious 7,249 sq ft lot, located just blocks from St. Mary’s Medical Center, the beach, and the vibrant downtown Long Beach area with its shops, restaurants, and entertainment centers. The property is also near the significant Long Beach redevelopment, including the Port of Long Beach. The front house, recently remodeled in 2010 and expanded by an additional 1,000 sq ft, features an open floor plan with hardwood floors, tile, granite countertops, and new cabinets, along with updated electrical and copper plumbing and a large stand-up basement offering additional storage or living space. The rear house, built in 1960, offers 7 bedrooms and 2 bathrooms, making it ideal for rental income, Airbnb, recovery housing, elderly care, or other housing applications. With a beautifully landscaped front yard, a landscaped backyard providing a serene outdoor space, and a spacious driveway accommodating up to 4 vehicles, this high-income-producing property is perfect for investors looking to maximize their return. The front house offers the opportunity to live in comfort while generating substantial income from the rear home. The assumable FHA loan at a low 2.75% interest rate enhances the property's investment appeal. Whether you're looking to invest, live, and earn, or explore various housing applications, 1208 Linden Ave is a rare find with exceptional potential. Don’t miss out on this prime investment opportunity in a thriving Long Beach location. Contact us today to schedule a viewing and secure this incredible property!
  1. Listed by Lionel Franklin • DRE #01730363 • Brokerage DRE #01926151 • Keller Williams Realty Irvine • 714-580-1047

Property Details for 1208 Linden Avenue

View
Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4200
LISTING UPDATED: 10/10/2024 08:15 AM

Property Details for 1208 Linden Avenue

StatusActive
MLS #OC24157792
Days on Market89
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1909
Lot Size0.17 AC / 7,251 SF
CountyLos Angeles County

Building Information for 1208 Linden Avenue

Stories2Residences-Year Built1909Building Size-Lot Size0.17 AC / 7,251 SF

Property Information for 1208 Linden Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Sewer, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $84,502
  • Gross Scheduled Income: $84,502
  • Net Operating Income: $76,193
  • Laundry Income: $100
  • Cap Rate: 5.0
  • Current Financing: FHA, Assumable
Expense Details
  • Operating Expense: $8,309
  • Operating Expense Percent: 90.00%
  • Gardener Expense: $1,200
  • Insurance Expense: $3,485
  • Trash Expense: $0
  • Water Sewer Expense: $3,624
  • Total Expenses: $8,309
Tax / Assessment Info
  • Tax Block: 4
  • Tax Tract Number: 0
  • Tax Census Tract: 5763.01
  • CFD/Mello-Roos Fee: $609
  • Tax Lot: 5
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Gutters, Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: Gas Cooktop
  • Equipment: Dryer, Washer, Gas Stove
  • Room Type: All Bedrooms Down, Attic, Basement, Main Floor Bedroom, Main Floor Primary Bedroom
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 11
  • Bedroom Features: All Bedrooms Down, Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Laundry Location: Laundry Room
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
  • Heating Type: Forced Air, Wall
  • Heating: Forced Air, Wall Furnace
  • Heat Equipment: Forced Air Unit, Wall/Gravity
  • Floor Coverings: Laminate, Tile
  • Flooring: Laminate, Tile
Exterior Features
  • Roof: Common Roof
  • Entry Location: Front Door
  • Structure Type: Duplex
  • Other Structures: Two On A Lot
  • Miscellaneous: Gutters, Urban
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Lawn, Level
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage: Driveway, On street, RV Possible, Uncovered
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Non-Garage: Tandem, Uncovered, Driveway, Street
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, RV Potential, Street, Tandem Uncovered, Uncovered
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,514
  • Unit Type Total Rent: $3,514
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 7
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,519
  • Unit Type Total Rent: $3,519
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1208 Linden Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1208 Linden Avenue

Taxable ValueLand$758,763Additions$408,565Total$1,167,328
Tax Record2024$15,097 ($1,258 / month)
Home Facts
Total Finished SqFt3,012 SqFtAbove Grade Finished SqFt3,012 SqFtLot Size7,249 SqFtStyleDuplexYear Built1909ZoningLBR4NCountyLOS ANGELESAPN7274-001-005

Schools near 1208 Linden Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1208 Linden Avenue is a townhouse for sale in Long Beach, CA 90813. This property was listed for sale on July 31, 2024 by Keller Williams Realty Irvine, it's currently listed at $1,400,000. It has been on the market for a total of 89 days and was last sold on June 30, 2021. This listing's school district is Long Beach Unified School District. Nearby schools include Roosevelt Elementary School, Franklin Classical Middle School and Polytechnic High School. 1208 Linden Avenue is a 11-bed, 4-bath, 4,200 sqft townhouse built in 1909.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Irvine, Lionel Franklin, DRE #01730363

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.