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Linden Plaza Apartments 3415 Linden Ave 93 Unit Apartment Building $27,995,000 ($301,022/Unit) 4.38% Cap Rate Long Beach, CA 90807
Investment Highlights
- Superb Bixby Knolls Location
- Strong Rental Market (Below 5% Vacancy)
- Well Parked (93 Secure At Grade Parking Spaces)
- AB 1482 Statewide Rent Control Applies Only
- RUBs Implementation Upside
- Reposition Opportunity
Executive Summary
The Linden Plaza Apartments is a well maintained 93-unit community located in the Bixby Knolls area of Long Beach. Built in 1973, the community offers residents covered parking, swimming pool, storage, elevator, gym, putting green, and a barbecue and sitting area. The units are one-bedroom one-bathroom and two-bedroom and one-bathroom and range in size from 617 square feet up to 994 square feet. The property is conveniently located near the 405 and 710 Freeways, the Long Beach Airport, Memorial Medical Center, Downtown Long Beach, etc.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $27,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $301,022 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.97 AC |
| Cap Rate | 4.38% | Building Size | 81,303 SF |
| Gross Rent Multiplier | 12.34 | No. Stories | 3 |
| No. Units | 93 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 1.14/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LBR4N - Long Beach Residential | ||
| Price | $27,995,000 |
| Price Per Unit | $301,022 |
| Sale Type | Investment |
| Cap Rate | 4.38% |
| Gross Rent Multiplier | 12.34 |
| No. Units | 93 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.97 AC |
| Building Size | 81,303 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | LBR4N - Long Beach Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Kitchen
- Range
- Patio
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Grill
- Putting Greens
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 90 | - | 617 - 750 |
| 2+1 | 3 | - | 994 |
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7145-011-041 | Improvements Assessment | $13,052,858 (2025) |
| Land Assessment | $13,052,858 (2025) | Total Assessment | $26,105,716 (2025) |
Property Taxes
Parcel Number
7145-011-041
Land Assessment
$13,052,858 (2025)
Improvements Assessment
$13,052,858 (2025)
Total Assessment
$26,105,716 (2025)
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Linden Plaza Apartments | 3415 Linden Ave