433 Linden Avenue

Long Beach, CA 90802

$2,100,000
Price
8
Beds
7
Baths
6,134 Sq. Ft.
$342 / Sq. Ft.
6,134
Sq. Ft.
$342
per Sq. Ft.

Description

We are pleased to present this opportunity to acquire a turnkey 6 unit apartment property in a great Long Beach location. The building has been impeccably maintained and consists of 4 two bedroom/one bath units, 1 three bedroom/one bath units, and 1 three bedroom/two bath units. All units are separately metered for gas & electricity. Currently the rents are below market with easy upside for a new owner.We are pleased to present this opportunity to acquire a turnkey 6 unit apartment property in a great Long Beach location. The building has been impeccably maintained and consists of 4 two bedroom/one bath units, 1 three bedroom/one bath units, and 1 three bedroom/two bath units. All units are separately metered for gas & electricity. Currently the rents are below market with easy upside for a new owner.
  1. Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap • kking@marcusmillichap.com

Property Details for 433 Linden Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
6134
Assessor Parcel Number
7281-007-005
Property Attached YN
true
LISTING UPDATED: 11/07/2024 04:47 AM

Property Details for 433 Linden Avenue

StatusActive
MLS #PW24229652
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1905
CountyLos Angeles County

Building Information for 433 Linden Avenue

Building/Complex433 Linden AveFloor-Stories2Residences-Pet Policy-Year Built1905Building Size-

Property Information for 433 Linden Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $163,135
  • Gross Scheduled Income: $168,180
  • Net Operating Income: $111,909
Expense Details
  • Operating Expense: $51,226
  • New Taxes Expense: $26,130
  • Fuel Expense: $0
  • Licenses Expense: $1,500
  • Pest Control Expense: $1,376
  • Electric Expense: $0
  • Insurance Expense: $5,491
  • Maintenance Expense: $8,409
  • Professional Management Expense: $0
  • Other Expense: $1,200
  • Other Expense Description: Misc.
  • Trash Expense: $1,780
  • Water Sewer Expense: $7,120
  • Total Expenses: $51,226
Tax / Assessment Info
  • Tax Block: 68
  • Tax Tract Number: 5762
  • Tax Census Tract: 5762.00
  • CFD/Mello-Roos Fee: $1,351
  • Tax Lot: 11
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer, Septic Type Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,840
  • Unit Type Total Rent: $8,840
  • Unit Type Pro Forma: 9000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,375
  • Unit Type Total Rent: $2,375
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6

Property History for 433 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 433 Linden Avenue

Taxable ValueLand$206,813Additions$147,719Total$354,532
Tax Record2024$5,780 ($482 / month)
Home Facts
Total Finished SqFt6,134 SqFtAbove Grade Finished SqFt6,134 SqFtLot Size7,522 SqFtStyleMulti-Family Res (5+ Units)Year Built1905ZoningLBPD30CountyLOS ANGELESAPN7281-007-005

Schools near 433 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
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 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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433 Linden Avenue is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on November 7, 2024 by Marcus & Millichap, it's currently listed at $2,100,000. It has been on the market for a total of 11 days and was last sold on July 18, 1994. This listing's school district is Long Beach Unified School District. Nearby schools include Stevenson Elementary School, Franklin Classical Middle School and Polytechnic High School. 433 Linden Avenue is a 8-bed, 7-bath, 6,134 sqft multi-family home built in 1905.

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 Marcus & Millichap, Kevin King, DRE #01158184

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.