$2,600,000
627 Linden Avenue, Long Beach, CA 90802 (MLS#: OC26010608)
- 0 Total Bedrooms
- 0 Total Bathrooms
- 1947 Year Built
- 7,535.88 Lot size/SQ.FT
- 8,543 Living Space/SQ.FT
- $304 Price/SQ.FT
About the Property
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.
Facilities and Features
-
0 Bedrooms -
0 Bathrooms -
8,543 SQFT -
1947 Year Built
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Pool
-
Security
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2 Parking Spaces
Interior Features
- Alarm/Security ResidentManager, WindowBars
Exterior Features
- Lot Features TwentyOneToTwentyFiveUnitsAcre
Parking
- Parking Spaces 2
- Covered Parking Spaces 2
Listing Agent
Disclaimer
MLS Data Display by CRMLS
Listing information provided in part by the CRMLS, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © CRMLS 2026. All rights reserved. The data relating to real estate for sale on this website appears in part through the CRMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by CRMLS through a licensing agreement.
Listing information provided in part by the CRMLS, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © CRMLS 2026. All rights reserved. The data relating to real estate for sale on this website appears in part through the CRMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by CRMLS through a licensing agreement.
