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    6107 Linden Avenue

    Long Beach, CA 90805
    • $2,425,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: PW21165954
    UPDATED: 45 min ago
    $2,425,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    We are pleased to present a completely turn-key apartment building located in Long Beach, California. Built in 1959, the subject property consists of 6,450 rentable square feet spread throughout a 6,500 square foot lot. Eight units are 2 bedroom / 1 bathroom units and one unit is 3 bedroom / 2 bathroom. There are 6 garages and storage for tenant convenience and can also be used to generate income for the owner. It has a pitched roof and is also separately metered for gas and electricity which helps keep expenses to a minimum. There is also a laundry room which makes additional income. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to shops, restaurants, cafes, entertainment centers and grocery stores.The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013.Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a high demand rental market with strong in place income in one of the best neighborhoods of Long Beach.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T17:33:05.913. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
    www.marknazzalrealty.com/homes/119811989
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    6107 Linden Avenue Long Beach, CA 90805

    • Price: $2,425,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: PW21165954
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1962
    Built
    Neighborhood:
    North Long Beach (Nlb)
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    We are pleased to present a completely turn-key apartment building located in Long Beach, California. Built in 1959, the subject property consists of 6,450 rentable square feet spread throughout a 6,500 square foot lot. Eight units are 2 bedroom / 1 bathroom units and one unit is 3 bedroom / 2 bathroom. There are 6 garages and storage for tenant convenience and can also be used to generate income for the owner. It has a pitched roof and is also separately metered for gas and electricity which helps keep expenses to a minimum. There is also a laundry room which makes additional income. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to shops, restaurants, cafes, entertainment centers and grocery stores.The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013.Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a high demand rental market with strong in place income in one of the best neighborhoods of Long Beach.
    Exterior Features

    Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 0 Parking Features Garage Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Common Interest None Community Features CurbsSidewalks Electric Expense 5400 Fuel Expense 744 Garage YN Yes Gross Income 69454 Gross Scheduled Income 172740 Insurance Expense 744 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 118645 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 53713 Rent Control YN No Senior Community YN No Sewer Public SewerSeptic Type Unknown Special Listing Conditions Standard Total Actual Rent 14395 Trash Expense 744 Water Sewer Expense 744 Water Source Private Zoning Lbr3t

    Listing provided courtesy of Kevin King of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-16T17:33:05.913. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
     
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    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373