1208 Linden Ave Long Beach, CA 90813
- Commercial real estate
- 4,200 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1208 Linden Ave
- Year built
- 1909
- Property size
- 4,200 SF
- Property type
- Commercial real estate
- APN
- 7274001005
Description
Exceptional investment opportunity in Long Beach, CA, presents a rare chance to acquire a high-income-producing duplex. This property boasts two buildings situated on a sizable 7,251 square foot lot, offering a compelling blend of residential comfort and substantial rental income. The main house, extensively renovated in 2010, features an open floor plan, hardwood floors, granite countertops, updated plumbing and electrical systems, and a large basement. The second building, constructed in 1960, provides seven bedrooms and two bathrooms, ideal for various rental strategies. The property's location is highly desirable, just blocks from St. Mary's Medical Center, the beach, and the vibrant downtown Long Beach area. Its proximity to the Port of Long Beach and ongoing redevelopment projects further enhances its long-term investment potential. The property features a beautifully landscaped yard and ample driveway parking. With a 100% occupancy rate, a Net Operating Income (NOI) of $76,193, and a 5.44% cap rate, this duplex represents a strong cash-flowing asset. The asking price is $1,400,000, with each unit priced at $700,000. The property is zoned for duplex use and includes 4,200 square feet of net rentable space. This is a turnkey investment ready for immediate income generation. The property's strong financials and prime location make it an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.1864173
- Latitude
- 33.7818769
