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1136 Linden Ave 8 Unit Apartment Building $2,455,934 CAD ($306,992 CAD/Unit) 5.76% Cap Rate Long Beach, CA 90813



Investment Highlights
- 8 Unit Multi Family
- Close to public transportation
- Garage ADU conversion potential
- 1 & 2 Bedroom Apartments
- Walking distance to St Mary Hospital
Executive Summary
We are pleased to present a rare opportunity to acquire a well-performing 8-unit multifamily investment property located in one of Southern California’s most desirable coastal rental markets. Situated at 1136 Linden Avenue in Long Beach, the property offers investors stable in-place income with significant value-add potential in a high-demand infill location.
The asset consists of eight spacious one- and two-bedroom units totaling approximately 4,937 rentable square feet, situated on a 7,271 square foot lot. The attractive unit mix appeals to a broad tenant base and supports consistent occupancy in a strong rental market.
Located in the North of East Village neighborhood, the property benefits from strong rental demand, a dense population base, and ongoing neighborhood revitalization. Residents enjoy convenient access to shopping, restaurants, entertainment, and public transportation.
A key highlight of the property is the ±968 square foot garage structure located at the rear of the lot, which is currently underutilized and presents multiple opportunities for additional income and long-term value creation.
With its prime coastal location, desirable unit mix, and clear upside through additional income opportunities, 1136 Linden Avenue represents a compelling opportunity for investors seeking stable cash flow and long-term appreciation in a supply-constrained Southern California rental market.
The asset consists of eight spacious one- and two-bedroom units totaling approximately 4,937 rentable square feet, situated on a 7,271 square foot lot. The attractive unit mix appeals to a broad tenant base and supports consistent occupancy in a strong rental market.
Located in the North of East Village neighborhood, the property benefits from strong rental demand, a dense population base, and ongoing neighborhood revitalization. Residents enjoy convenient access to shopping, restaurants, entertainment, and public transportation.
A key highlight of the property is the ±968 square foot garage structure located at the rear of the lot, which is currently underutilized and presents multiple opportunities for additional income and long-term value creation.
With its prime coastal location, desirable unit mix, and clear upside through additional income opportunities, 1136 Linden Avenue represents a compelling opportunity for investors seeking stable cash flow and long-term appreciation in a supply-constrained Southern California rental market.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$225,519
|
$45.68
|
| Other Income |
$3,417
|
$0.69
|
| Vacancy Loss |
$11,276
|
$2.28
|
| Effective Gross Income |
$217,660
|
$44.09
|
| Taxes |
$30,700
|
$6.22
|
| Operating Expenses |
$45,565
|
$9.23
|
| Total Expenses |
$76,265
|
$15.45
|
| Net Operating Income |
$141,395
|
$28.64
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $225,519 |
| Annual Per SF | $45.68 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,417 |
| Annual Per SF | $0.69 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,276 |
| Annual Per SF | $2.28 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $217,660 |
| Annual Per SF | $44.09 |
| Taxes (CAD) | |
|---|---|
| Annual | $30,700 |
| Annual Per SF | $6.22 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $45,565 |
| Annual Per SF | $9.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $76,265 |
| Annual Per SF | $15.45 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $141,395 |
| Annual Per SF | $28.64 |
Property Facts
| Price | $2,455,934 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $306,992 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.76% | Building Size | 4,937 SF |
| Gross Rent Multiplier | 11.3 | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 0.81/1,000 SF |
| Zoning | LBR4N - Residential | ||
| Price | $2,455,934 CAD |
| Price Per Unit | $306,992 CAD |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,937 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.81/1,000 SF |
| Zoning | LBR4N - Residential |
Amenities
Unit Amenities
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Carpet
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Picnic Area
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,136 CAD | - |
| 2+1 | 2 | $2,990 CAD | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7274-001-008 | Total Assessment | $572,240 CAD (2025) |
| Land Assessment | $159,604 CAD (2025) | Annual Taxes | $30,700 CAD ($6.22 CAD/SF) |
| Improvements Assessment | $412,637 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
7274-001-008
Land Assessment
$159,604 CAD (2025)
Improvements Assessment
$412,637 CAD (2025)
Total Assessment
$572,240 CAD (2025)
Annual Taxes
$30,700 CAD ($6.22 CAD/SF)
Tax Year
2026
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1136 Linden Ave
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