Long Beach, CA 90802,627 Linden AVE
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Long Beach, CA 90802,627 Linden AVE
Long Beach, CA 90802,627 Linden AVE
Long Beach, CA 90802,627 Linden AVE
Long Beach, CA 90802,627 Linden AVE
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Julieanne Phan

Julieanne Phan

+1(714) 655-1434
$ 3,100,000
Est. payment /mo
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627 Linden AVE Long Beach, CA 90802

7,535 Sqft Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID OC26010608

HOA Y/N No

Year Built 1947

Annual Tax Amount $38,564

Lot Size 7,535 Sqft

Property Sub-Type Apartment

Property Description

The subject property is a 22-unit apartment building located in the trendy “East Village” neighborhood of Long Beach. This charming two story 1940's complex is on a quiet street, just 6 blocks from the Ocean Avenue, and a 10-minute bike ride to Alamitos Beach! Walk Score: 97/100 (Walker's Paradise) 97 / 100. Walker's Paradise. Transit Score® 74 / 100. Excellent Transit. 89 / 100. Very Bikeable. The unit mix is predominantly Studio apartments (20) with a One Bedroom Unit and a Two Bedroom 1 Bath unit. All units are separately metered for gas and electric utilities. There is a secured entrance with laundry room onsite, and ample street parking. Priced attractively at a GRM of 9.84 and with the rent increases of 8% (AB 1482) that are due this year, the GRM drops to 9.12 and a CAP rate of 6.27% at the listed price. After that rent increase, the rents still have another 20% upside based on the average and median rent rates on the rent survey.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Sidewalks

Total Parking Spaces 2

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7273028008

Security Features Resident Manager,Window Bars

Energy Description 2000.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Dan Carpenter Surterre Properties Inc 949-205-6575
SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Fremont Elementary School

    Public | KG - 5

  • 8

    Signal Hill Elementary School

    Public | KG - 5

  • 8

    Alvarado Elementary School

    Public | KG - 5

  • 7

    Muir Academy

    Public | KG - 8

  • 7

    Chavez Elementary School

    Public | KG - 5

  • 7

    Birney Elementary School

    Public | KG - 5

  • 7

    Lafayette Elementary School

    Public | KG - 5

  • 7

    Robert Louis Stevenson Elementary School

    Public | KG - 5

  • 7

    Lincoln Elementary School

    Public | KG - 5

  • 6

    Garfield Elementary School

    Public | KG - 5

  • 6

    Robinson K - 8 Academy

    Public | KG - 8

  • 6

    Roosevelt Elementary School

    Public | KG - 5

  • 6

    Mann Elementary School

    Public | KG - 5

  • 6

    Bryant Elementary School

    Public | KG - 5

  • 5

    Elizabeth Beth Hudson K - 8 School

    Public | KG - 8

  • 5

    Daniel Webster Elementary School

    Public | KG - 5

  • 5

    Oropeza Elementary School

    Public | KG - 5

  • 5

    Smith Elementary School

    Public | KG - 5

  • 5

    Burbank Elementary School

    Public | KG - 5

  • 5

    Nieto Herrera Elementary School

    Public | KG - 5

Middle Schools 7
  • 6

    Franklin Classical Middle School

    Public | 6 - 8

  • 6

    Jessie E. Nelson Academy

    Public | 6 - 8

  • 5

    Stephens Middle School

    Public | 6 - 8

  • 5

    Washington Middle School

    Public | 6 - 8

  • 5

    Jefferson Leadership Academies

    Public | 6 - 8

  • 0

    Regency High School

    Private | 7 - 12

  • 0

    Zinsmeyer Academy

    Private | 8 - 12

High Schools 9
  • 7

    Renaissance High School for the Arts

    Public | 9 - 12

  • 7

    Wilson High School

    Public | 9 - 12

  • 6

    Polytechnic High School

    Public | 9 - 12

  • 1

    Cabrillo High School

    Public | 9 - 12

  • 1

    Beach High-Intensive Learning Program

    Public | 9 - 12

  • 0

    Reid High School

    Public | 11 - 12

  • 0

    Educational Partnership High School

    Public | 9 - 12

  • 0

    St Anthony High School

    Private | 9 - 12

  • 0

    Long Beach Unified School District Regional Occupational Program

    Public | 10 - 12

School and business data provided by Attom Data.
Julieanne Phan

Julieanne Phan

Broker

+1(714) 655-1434

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627 Linden AVE