93-Unit Apartment
For Sale
$27,995,000
3415 Linden, Long Beach, CA 90807
Residents have access to covered parking, a pool, fitness room, elevator, and outdoor gathering spaces.
Property Size81,303 SF
Price / SF$344.33
Days on Market107
Property Features for 3415 Linden
General Information
Standard status
Active
Size
81,303 SF
Elevators
Yes
Property subtype
Apartment
Site & Location
Neighborhood
California Heights
Highway Access
Yes
Additional Details
Multifamily Units
93
Amenities
covered parking
swimming pool
storage
gym
putting green
barbecue and sitting area
Building Details
Building Size
81,303 SF
Year Built
1973
Listing Agency:
Warren Lee Berzack
(818) 269-2979
Listed By:
Warren Berzack · License #01329015
(818) 933-0350
Source:
Duprerealestate
Added: Jul 19
Changed: Oct 27
Last Checked: Oct 31 at 4:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Warren Lee Berzack
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Investment Insights
Based on property information with market context.
Linden Plaza Apartments is a 93-unit apartment community in Long Beach’s Bixby Knolls area. Built in 1973, the property has 81,303 square feet. The unit mix consists of one-bedroom, one-bathroom and two-bedroom, one-bathroom apartments ranging from 617 to 994 square feet. Shared amenities include covered parking, a swimming pool, storage, an elevator, a gym, a putting green, and barbecue and seating areas.
The property is near the 405 and 710 Freeways, Long Beach Airport, Memorial Medical Center, and Downtown Long Beach.
The property is near the 405 and 710 Freeways, Long Beach Airport, Memorial Medical Center, and Downtown Long Beach.
Key Highlights
- 93 apartments with one- and two‑bedroom layouts, each with one bathroom
- Apartment sizes range from 617 to 994 square feet
- 81,303 square feet; built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,554,798
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,095,960
$31.1M
Cap Rate 7%
$22,211,400
$22.2M
Cap Rate 9%
$17,275,533
$17.3M
Market Conditions
NOI Build-Up for 81,303 SF
Gross rent
$2.98M $36.60/SF
− Vacancy
−$148.8K −$1.83/SF
EGI
$2.83M $34.77/SF
− OpEx
−$1.27M −$15.65/SF
NOI
$1.55M $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,095,960
Cap Rate 7%
$22,211,400
Cap Rate 9%
$17,275,533
Alternative Uses
Best Use
Apartment 5plus
$22.21M
$19.43M – $25.91M
NOI $1,554,798 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$43.53M
$38.09M – $50.78M
NOI $3,047,052 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
93
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Residents have access to covered parking, a pool, fitness room, elevator, and outdoor gathering spaces.
Where is this apartment building located?
The property is located at 3415 Linden Long Beach, CA.
What is the asking price?
The asking price for this property is $27,995,000.
What are key features of this property?
This property features: 93 apartments with one- and two‑bedroom layouts, each with one bathroom; Apartment sizes range from 617 to 994 square feet; 81,303 square feet; built in 1973
