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1430 Linden Ave - 9 Units in Long Beach -9.6 GRM -Fully Redone 9 Unit Apartment Building Offered at $1,575,000 at a 6.80% Cap Rate Long Beach, CA 90813
INVESTMENT HIGHLIGHTS
- Priced to sell at 9.65 GRM and 6.8% CAP with upside to 9 GRM and a 7.6% CAP.
- Seller spent over $400K remodeling the property down to the studs.
- NO LOCAL RENT CONTROL - just CA AB 1482.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- Excellent unit mix for the location.
- Qualified Buyers can put as little as 25% down and earn over a 12% cash on cash return against in place rents.
EXECUTIVE SUMMARY
PRICED TO SELL at 9.65 GRM and 6.8% CAP with upside to 9 GRM and a 7.6% CAP.
9 units in Long Beach NOT subject to local rent control - just AB 1482 - maximum annual increase of 5% + CPI (currently 8.0%). Located on a beautiful, quiet, tree lined street. The property was purchased in 2018 and completely remodeled down to the studs. Everything is new - plumbing, electric, interiors, windows, etc. - Seller spent over $400K total. The property is professionally managed and well maintained.
There are 2 structures on the lot - 2 large 1 bedrooms in the front, and 7 studio units in the rear. The property also has 9 storage spaces that could be rented out for $75-100 per month each. There is onsite laundry as well.
Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
9 units in Long Beach NOT subject to local rent control - just AB 1482 - maximum annual increase of 5% + CPI (currently 8.0%). Located on a beautiful, quiet, tree lined street. The property was purchased in 2018 and completely remodeled down to the studs. Everything is new - plumbing, electric, interiors, windows, etc. - Seller spent over $400K total. The property is professionally managed and well maintained.
There are 2 structures on the lot - 2 large 1 bedrooms in the front, and 7 studio units in the rear. The property also has 9 storage spaces that could be rented out for $75-100 per month each. There is onsite laundry as well.
Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$163,000
|
$40.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$163,000
|
$40.24
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $163,000 |
| Annual Per SF | $40.24 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $163,000 |
| Annual Per SF | $40.24 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,575,000 | Property Type | Multifamily |
| Price Per Unit | $175,000 | Building Size | 4,051 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.80% | No. Stories | 2 |
| Gross Rent Multiplier | 9.65 | Year Built/Renovated | 1920/2019 |
| No. Units | 9 |
| Price | $1,575,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Gross Rent Multiplier | 9.65 |
| No. Units | 9 |
| Property Type | Multifamily |
| Building Size | 4,051 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2019 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| Studios | 7 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
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1430 Linden Ave - 9 Units in Long Beach -9.6 GRM -Fully Redone
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