1125 Linden Avenue, Long Beach, CA 90813

$1,290,000

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List Price
$1,290,000
Status
ACTIVE
MLS#
PW26122847
Year Built
1905
Lot Size
7,523
Acres
0.17
Lot Location
2-5 Units/Acre
Days on Market
95
Property Type
Multifamily
Property Sub Type
Triplex
Stories
One Level, Three Or More Levels
Neighborhood
Downtown (Dt)

Property Description

Exceptional income-producing multi-family property featuring two distinct structures on a single lot. The front single-family residence offers 3 bedrooms, 2 bathrooms, a spacious living room, and a fully equipped kitchen. The rear duplex, built in 2008, includes a 3-bedroom, 3-bathroom unit alongside a 2-bedroom, 2-bathroom unit. Each unit includes access to a detached 2-car garage with washer and dryer hookups, plus additional dedicated parking spaces for all residents. Units are individually metered for gas, electricity, water, and trash, leaving the owner responsible only for low-cost common area utilities and landscaping. Ideally situated in prime Downtown Long Beach directly behind St. Mary’s Medical Center and less than two miles from the Aquarium of the Pacific. Current rents offer significant value-add potential well below market rate. Buyer to verify all information.

Additional Information

Taxes
$16,368
Pool Description
None
Heat
Central
Cooling Description
None
Garage Spaces Total
6
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
3
Gross Scheduled Income
$92,000
Operating Expense
25000

Listing courtesy of Listing Agent: Augustin Joo (awonjoo@gmail.com) from Listing Office: California Bridge Realty.

Mortgage Calculator

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Calculator source: Real Geeks

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.