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1136 Linden Ave 8 Unit Apartment Building $1,725,000 ($215,625/Unit) 5.76% Cap Rate Long Beach, CA 90813



Investment Highlights
- 8 Unit Multi Family
- Close to public transportation
- Garage ADU conversion potential
- 1 & 2 Bedroom Apartments
- Walking distance to St Mary Hospital
Executive Summary
We are pleased to present a rare opportunity to acquire a well-performing 8-unit multifamily investment property located in one of Southern California’s most desirable coastal rental markets. Situated at 1136 Linden Avenue in Long Beach, the property offers investors stable in-place income with significant value-add potential in a high-demand infill location.
The asset consists of eight spacious one- and two-bedroom units totaling approximately 4,937 rentable square feet, situated on a 7,271 square foot lot. The attractive unit mix appeals to a broad tenant base and supports consistent occupancy in a strong rental market.
Located in the North of East Village neighborhood, the property benefits from strong rental demand, a dense population base, and ongoing neighborhood revitalization. Residents enjoy convenient access to shopping, restaurants, entertainment, and public transportation.
A key highlight of the property is the ±968 square foot garage structure located at the rear of the lot, which is currently underutilized and presents multiple opportunities for additional income and long-term value creation.
With its prime coastal location, desirable unit mix, and clear upside through additional income opportunities, 1136 Linden Avenue represents a compelling opportunity for investors seeking stable cash flow and long-term appreciation in a supply-constrained Southern California rental market.
The asset consists of eight spacious one- and two-bedroom units totaling approximately 4,937 rentable square feet, situated on a 7,271 square foot lot. The attractive unit mix appeals to a broad tenant base and supports consistent occupancy in a strong rental market.
Located in the North of East Village neighborhood, the property benefits from strong rental demand, a dense population base, and ongoing neighborhood revitalization. Residents enjoy convenient access to shopping, restaurants, entertainment, and public transportation.
A key highlight of the property is the ±968 square foot garage structure located at the rear of the lot, which is currently underutilized and presents multiple opportunities for additional income and long-term value creation.
With its prime coastal location, desirable unit mix, and clear upside through additional income opportunities, 1136 Linden Avenue represents a compelling opportunity for investors seeking stable cash flow and long-term appreciation in a supply-constrained Southern California rental market.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$158,400
|
$32.08
|
| Other Income |
$2,400
|
$0.49
|
| Vacancy Loss |
$7,920
|
$1.60
|
| Effective Gross Income |
$152,880
|
$30.97
|
| Taxes |
$21,563
|
$4.37
|
| Operating Expenses |
$32,004
|
$6.48
|
| Total Expenses |
$53,567
|
$10.85
|
| Net Operating Income |
$99,313
|
$20.12
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $158,400 |
| Annual Per SF | $32.08 |
| Other Income | |
|---|---|
| Annual | $2,400 |
| Annual Per SF | $0.49 |
| Vacancy Loss | |
|---|---|
| Annual | $7,920 |
| Annual Per SF | $1.60 |
| Effective Gross Income | |
|---|---|
| Annual | $152,880 |
| Annual Per SF | $30.97 |
| Taxes | |
|---|---|
| Annual | $21,563 |
| Annual Per SF | $4.37 |
| Operating Expenses | |
|---|---|
| Annual | $32,004 |
| Annual Per SF | $6.48 |
| Total Expenses | |
|---|---|
| Annual | $53,567 |
| Annual Per SF | $10.85 |
| Net Operating Income | |
|---|---|
| Annual | $99,313 |
| Annual Per SF | $20.12 |
Property Facts
| Price | $1,725,000 | Apartment Style | Low-Rise |
| Price Per Unit | $215,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.76% | Building Size | 4,937 SF |
| Gross Rent Multiplier | 11.3 | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 0.81/1,000 SF |
| Zoning | LBR4N - Residential | ||
| Price | $1,725,000 |
| Price Per Unit | $215,625 |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,937 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.81/1,000 SF |
| Zoning | LBR4N - Residential |
Amenities
Unit Amenities
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Carpet
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Picnic Area
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,500 | - |
| 2+1 | 2 | $2,100 | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7274-001-008 | Total Assessment | $413,603 (2025) |
| Land Assessment | $115,358 (2025) | Annual Taxes | $21,563 ($4.37/SF) |
| Improvements Assessment | $298,245 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
7274-001-008
Land Assessment
$115,358 (2025)
Improvements Assessment
$298,245 (2025)
Total Assessment
$413,603 (2025)
Annual Taxes
$21,563 ($4.37/SF)
Tax Year
2026
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1136 Linden Ave
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