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Listed by Robert Stepp • Keller Williams Realty Downey
$3,350,000
Est. payment /mo
7,204 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,204 sqft
Price per Sqft $465
MLS Listing ID CRPW25181875
HOA Y/N No
Year Built 1939
Lot Size 7,522 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
636 Linden Avenue is a 20-unit apartment asset located in vibrant East Village Arts District, Downtown Long Beach. The asset is priced at just $167,500 per unit, 9.71 GRM and 6.16% cap rate at current rents. The property is comprised of all studio units, with 17 of the 20 units fully renovated with new flooring and upgraded kitchens and baths. The secured-access building features upgraded electrical panels and plumbing, as well as separately metered utilities. With a Walk Score of 92 and Bike Score of 91, the property is conveniently located adjacent to East Village Arts District, Downtown Long Beach, Shoreline Village, and the beach/bike path.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613