240 Linden Ave
Long Beach, CA 90802
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 4,480 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1905 |
| Building Class | C | Parking Ratio | 0.89/1,000 SF |
| Zoning | LBPD30 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,480 SF |
| No. Stories | 1 |
| Year Built | 1905 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | LBPD30 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Granite Countertops
About 240 LINDEN AVE , LONG BEACH, CA 90802
Marcus & Millichap is pleased to present 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.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 2 | - | - |
Property Taxes
| Parcel Number | 7281-015-028 | Improvements Assessment | $594,276 |
| Land Assessment | $1,103,656 | Total Assessment | $1,697,932 |
Property Taxes
