240 Linden Avenue, Long Beach, CA 90802

$1,265,000
3,390
SqFt
Sold Price
$1,265,000
List Price
$1,375,000
Closing Date
Feb 15, 2019
Status
CLOSED
MLS#
PW19007725
Year Built
1905
Living Sq. Ft
3,390
Lot Size
3,757
Acres
0.0862
Lot Location
Lot Shape-Rectangular
Days on Market
36
Property Type
Multifamily
Neighborhood
Other (Othr)
Days on Market
36

Property Description

240 Linden Avenue, an eight-unit* apartment building in Long Beach, California. The property is well-located in downtown Long Beach's vibrant East Village Arts District conveniently near numerous dining, shopping and retail opportunities. 240 Linden Avenue is located within an Opportunity Zone, which may offer a new investor significant tax benefits; for more detail, please contact the listing agent. Additionally, this area of Long Beach has a 1:1 parking requirement, whereas most of Long Beach is 2:1. 240 Linden Avenue offers eight units, including three studios, one one-bed/one-bath, two two-bed/two-bath units. Four of the units are non-conforming. Unit features include granite countertops, tile flooring, wall heaters, and A/C units. The property also features on-site laundry, a two-car garage, and three new water heaters. This property presents an excellent opportunity for an investor to acquire an asset well-located in a strong rental market and capture substantial potential upside in rents. Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.

Additional Information

Tract Number
n/a
Lot Description
Urban
Pool Description
None
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
8

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Steven Bogoyevac from Steven M. Bogoyevac, Broker

Listing sold by Steven Bogoyevac from Steven M. Bogoyevac, Broker

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.