Long Beach, CA 90806,2430 Linden AVE
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Long Beach, CA 90806,2430 Linden AVE

$1,600,000

Est. payment /mo

$1,675,000

4.5%
Est.Price: ?

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2430 Linden AVE Long Beach, CA 90806

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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California Regional MLS (CRMLS)
Listed by Shane Young • Marcus & Millichap
Bought with Tyler Leeson • Marcus & Millichap RE Invest

Trevor Smith

Real Estate Broker | License ID: DRE 01700986

+1(858) 539-9999

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