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1136 Linden Ave 8 Unit Apartment Building $1,630,000 ($203,750/Unit) 5.28% Cap Rate Long Beach, CA 90813
Investment Highlights
- Attractive "Value-Add" Opportunity
- Significant NOI Growth Potential
- Strong Unit Mix (1's & 2's)
- Potential ADU Development (Buyer to verify with the City)
- SB 721 Compliant
- Upgraded Electrical, Pitched Roof, Additional Parking and Laundry Income
Executive Summary
Exceptional value-add opportunity in the City of Long Beach! This SB 721 compliant 8-unit apartment building features a desirable unit mix of six 1BD/1BA and two 2BD/1BA units, offering investors immediate upside potential and long-term NOI growth. Four vacant units provide a new owner with immediate control to renovate and re-tenant at current market rents, while remaining tenants sit below market — creating additional upside through natural turnover. The property is well-positioned for continued rent growth in one of Long Beach's strongest rental corridors. Key highlights include a pitched roof, upgraded electrical, on-site laundry, and four dedicated parking spaces — a rare amenity in this submarket that drives leasing demand and tenant retention. Additional income is generated through parking and laundry facilities. The on-site garage presents a compelling ADU conversion opportunity (Buyer to verify with City), offering a clear path to increased density and long-term asset appreciation. Do not disturb tenants.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$143,616
|
$29.09
|
| Other Income |
$1,200
|
$0.24
|
| Vacancy Loss |
$7,181
|
$1.45
|
| Effective Gross Income |
$137,635
|
$27.88
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$51,649
|
$10.46
|
| Net Operating Income |
$85,986
|
$17.42
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $143,616 |
| Annual Per SF | $29.09 |
| Other Income | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.24 |
| Vacancy Loss | |
|---|---|
| Annual | $7,181 |
| Annual Per SF | $1.45 |
| Effective Gross Income | |
|---|---|
| Annual | $137,635 |
| Annual Per SF | $27.88 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $51,649 |
| Annual Per SF | $10.46 |
| Net Operating Income | |
|---|---|
| Annual | $85,986 |
| Annual Per SF | $17.42 |
Property Facts
| Price | $1,630,000 | Apartment Style | Garden |
| Price Per Unit | $203,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.28% | Building Size | 4,937 SF |
| Gross Rent Multiplier | 11.35 | 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 | ||
| Price | $1,630,000 |
| Price Per Unit | $203,750 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Gross Rent Multiplier | 11.35 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| 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 |
Amenities
Unit Amenities
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Attic
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $8,464 | - |
| 2+1 | 2 | $3,504 | - |
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 | Improvements Assessment | $304,209 (2026) |
| Land Assessment | $117,665 (2026) | Total Assessment | $421,874 (2026) |
Property Taxes
Parcel Number
7274-001-008
Land Assessment
$117,665 (2026)
Improvements Assessment
$304,209 (2026)
Total Assessment
$421,874 (2026)
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