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. Please request and review a copy of the Offering Memorandum for this property for a detailed explanation and description of this investment and its underwriting.
Listing courtesy of Steven Bogoyevac from Steven M. Bogoyevac, Broker
Listing sold by Steven Bogoyevac from Steven M. Bogoyevac, Broker
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