636 Linden Avenue is a 20-unit apartment asset located in vibrant East Village Arts District, Downtown Long Beach. The asset is priced at just $167,500 per unit, 9.71 GRM and 6.16% cap rate at current rents. The property is comprised of all studio units, with 17 of the… Read More 20 units fully renovated with new flooring and upgraded kitchens and baths. The secured-access building features upgraded electrical panels and plumbing, as well as separately metered utilities. With a Walk Score of 92 and Bike Score of 91, the property is conveniently located adjacent to East Village Arts District, Downtown Long Beach, Shoreline Village, and the beach/bike path. Read Less
Property listed by Keller Williams Realty Downey, Robert Stepp 310-463-2916
Listing Snapshot
Days Online
16
Last Updated
Property Type
Apartment
Lot Size
0.17 Acres
Year Built
1939
MLS Number
PW25181875
30 Days Snapshot Of 90802
$558k
-13%
(avg) sold price
33
+3%
homes sold
104
-6%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1939, Building area total: 7,204, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Expenses
Electric expense: $2,316, Fuel expense: $2,316, Gardener expense: $1,085, Insurance expense: $20,000, Licenses expense: $1,200, Maintenance expense: $14,000, New taxes expense: $44,662, Operating expense: $127,984, Trash expense: $2,315, Water sewer expense: $2,315, Other expense: $6,000
Income
Gross income: $334,491, Net operating income: $206,507
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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