1430 Linden Avenue, Long Beach, CA 90813
- $1,575,000
- 2
- BD
- 9
- BA
- 4,051
- SqFt
- Sold Price
- $1,575,000
- List Price
- $1,575,000
- Closing Date
- Feb 24, 2026
- Status
- CLOSED
- MLS#
- 25631677
- Year Built
- 1920
- Bedrooms
- 2
- Bathrooms
- 9
- Living Sq. Ft
- 4,051
- Lot Size
- 6,841
- Acres
- 0.16
- Days on Market
- 16
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Priced to sell at 9.65 GRM and 6.8% CAP with upside to 9 GRM and a 7.6% CAP. 9 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.8%). Located on a beautiful, quiet, tree lined street. The property was purchased in 2018 and completely remodeled down to the studs. Everything is new - plumbing, electric, interiors, windows, etc. - Seller spent over $400K total. The property is professionally managed and well maintained. There are 2 structures on the lot - 2 large 1 bedrooms in the front, and 7 studio units in the rear. The property also has 9 storage spaces that could be rented out for $75-100 per month each. There is onsite laundry as well. Qualified Buyers can put down as little as 25%. EARN OVER A 12% CASH ON CASH RETURN AGAINST IN PLACE RENTS. Contact LA for more info including a Rent Roll and OM.
/u.realgeeks.media/jeremysifuentes/header.png)
Additional Information
- Heat
- Wall Furnace
- Attached Structure
- Detached
- Number Of Units Total
- 9
Listing courtesy of Listing Agent: Jonathan Swire (jon@jonswire.com) from Listing Office: The Agency.
Listing sold by Jonathan Swire from The Agency
Mortgage Calculator
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.