$1,600,000
$1,675,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
5,227 Sqft Lot
SOLD DATE : 03/19/2021
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Signal Hill (Sh)
MLS Listing ID PW20253338
Sold Date 03/19/21
HOA Y/N No
Year Built 1963
Lot Size 5,227 Sqft
Property Description
2430 Linden Ave is located in an exceptional Long Beach location. It is located right off the 710 freeway with the 405 freeway neighboring to the east. It is centrally located with access to public transportation, as well as many stores and restaurants.
The subject property has a total of 7 units. The unit mix consists of five - 2 Bd/1 Ba and two - 1 Bd/1 Ba units. The property has been very well-maintained and is experiencing 100% collections. The property comprises 1, two-story building built in 1963 with some renovations done over the years. This property is located in a very good rental market and there is a potential 62% upside in NOI.
The property also features onsite laundry and ample amount of parking. 2430 Linden Ave would make a great addition to the portfolio of any investor looking for an excellent unit mix and reliable cash flow
Location
State CA
County Los Angeles
Area 8 - Signal Hill
Zoning LBR2N
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Suburban
Total Parking Spaces 5
Private Pool No
Building
Lot Description Paved
Story 2
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7208007016
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Tyler Leeson • Marcus & Millichap RE Invest
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”