633 Linden Avenue, Long Beach, CA 90802

$2,195,000
List Price
$2,195,000
Status
ACTIVE
MLS#
PW22045802
Year Built
1912
Lot Size
7,521
Acres
0.1727
Lot Location
Item610UnitsAcre
Days on Market
115
Property Type
Multifamily
Neighborhood
Alamitos Beach (Ab)

Property Description

633 Linden Avenue is a six-unit investment asset well-located in the highly desirable East Village Arts District neighborhood of Downtown Long Beach. The property is comprised of all Craftsman bungalow-style units with a favorable mix of two 3 BD/2 BA units, two 2 BD/1 BA units and two 1BD/1 BA units. Five of the six units feature sizable private front yards with new outdoor hardscaping and fencing. All the units have been renovated with modern fixtures and finishes, including Including: New Cabinetry, Countertops, Flooring, Ceiling Fans, Bathtubs and Vanities. On site laundry is available and can provide additional income for a new buyer. With a Walk Score of 96, the property is in prime East Village Arts District, offering walkability to myriad of employment opportunities as well as all of the shopping, dining, cultural and nightlife amenities in Downtown Long Beach. 633 Linden Avenue provides a new buyer with 6.56% cash-on-cash return with a 65% LTV, 3.25% Interest-Only loan.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$150,155
Operating Expense
49633

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Robert Stepp from Listing Office: Keller Williams - Santa Monica

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.