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Del Rio 338 Linden Ave 17 Unit Apartment Building $6,461,520 CAD ($380,089 CAD/Unit) 5.94% Cap Rate Long Beach, CA 90802
Investment Highlights
- 17-Unit Apartment Building With Three Brand New ADU’s, Nine Remodeled Units, and Additional Recent Improvements
- Mix of One Studio, 15 One-Bed/One-Bath Units, and One Two-Bed/Two-Bath Unit
- Located in Long Beach’s Vibrant East Village Arts District Proximate to Retail, the Metro Blue Line, and Downtown Dining and Entertainment
- 10 Percent Rental Upside
Executive Summary
Marcus & Millichap is pleased to present to market 338 Linden Avenue, a 17-unit apartment building in Long Beach, California. This offering presents an excellent opportunity to acquire a renovated asset with three brand new ADU’s in a strong coastal market.
338 Linden Avenue is a two-story building with a mix of one studio, 15 one-bed/one-bath units, one two-bed/two-bath unit, controlled access, and shared laundry. The building boasts numerous substantial improvements: three of the one-bedrooms are recently completed ADU additions, nine of the units have been recently remodeled, and a complete re-pipe to copper plumbing.
338 Linden Avenue is located in Downtown Long Beach’s vibrant East Village Arts District within easy walking distance of dining, shopping, and entertainment (WalkScore: 98), two blocks to the Metro Blue Line, and a half-mile to Alamitos Beach.
338 Linden Avenue is a two-story building with a mix of one studio, 15 one-bed/one-bath units, one two-bed/two-bath unit, controlled access, and shared laundry. The building boasts numerous substantial improvements: three of the one-bedrooms are recently completed ADU additions, nine of the units have been recently remodeled, and a complete re-pipe to copper plumbing.
338 Linden Avenue is located in Downtown Long Beach’s vibrant East Village Arts District within easy walking distance of dining, shopping, and entertainment (WalkScore: 98), two blocks to the Metro Blue Line, and a half-mile to Alamitos Beach.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,461,520 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $380,089 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.94% | Building Size | 9,098 SF |
| Gross Rent Multiplier | 11.43 | No. Stories | 2 |
| No. Units | 17 | Year Built | 1961 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LBPD30 | ||
| Price | $6,461,520 CAD |
| Price Per Unit | $380,089 CAD |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Gross Rent Multiplier | 11.43 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 9,098 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Opportunity Zone |
Yes |
| Zoning | LBPD30 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 750 |
| Studios | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 7281-011-017 | Total Assessment | $5,046,192 CAD (2025) |
| Land Assessment | $3,273,752 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,772,440 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
7281-011-017
Land Assessment
$3,273,752 CAD (2025)
Improvements Assessment
$1,772,440 CAD (2025)
Total Assessment
$5,046,192 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Del Rio | 338 Linden Ave
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