Homes for sale - 525 Linden AVE, Long Beach, CA 90802

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 2,500,000

Est. payment -/mo

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Price Dropped by $50K

525 Linden AVE Long Beach, CA 90802

7,535 Sqft Lot

UPDATED:

12/05/2024 05:26 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24201233

HOA Y/N No

Year Built 1973

Lot Size 7,535 Sqft

Property Description

We are pleased to present a 10 unit apartment building located at 525 Linden Avenue in Long Beach, California. This is a value-add opportunity in a
great location of East Village in Long Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 6,868 rentable square feet spread throughout a 7,536 square foot lot. It was built in 1973 and consists of 8 one bedroom / one bathroom units and 2 two bedroom / two bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 8 garages which are able to generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBPD30

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer, Septic Type Unknown, Unknown

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7281002018

Energy Description 3523.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Kevin King • Marcus & Millichap • kking@marcusmillichap.com

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

525 Linden AVE Long Beach, CA 90802

Key Details

Location

Interior

Exterior

Building

Others

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525 Linden AVE