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3415 Linden Ave
Long Beach, CA 90807
Linden Plaza Apartments · Multifamily Property For Sale
·
93 Units
Investment Highlights
- Superb Bixby Knolls Location
- Strong Rental Market (Below 5% Vacancy)
- Well Parked (93 Secure At Grade Parking Spaces)
- AB 1482 Statewide Rent Control Applies Only
- RUBs Implementation Upside
- Reposition Opportunity
Executive Summary
The Linden Plaza Apartments is a well maintained 93-unit community located in the Bixby Knolls area of Long Beach. Built in 1973, the community offers residents covered parking, swimming pool, storage, elevator, gym, putting green, and a barbecue and sitting area. The units are one-bedroom one-bathroom and two-bedroom and one-bathroom and range in size from 617 square feet up to 994 square feet. The property is conveniently located near the 405 and 710 Freeways, the Long Beach Airport, Memorial Medical Center, Downtown Long Beach, etc.
Property Facts
| Price Per Unit | $423,537 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.38% | Lot Size | 0.97 AC |
| Gross Rent Multiplier | 12.34 | Building Size | 81,303 SF |
| No. Units | 93 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Zoning | LBR4N - Long Beach Residential | ||
| Price Per Unit | $423,537 CAD |
| Sale Type | Investment |
| Cap Rate | 4.38% |
| Gross Rent Multiplier | 12.34 |
| No. Units | 93 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.97 AC |
| Building Size | 81,303 SF |
| No. Stories | 3 |
| Year Built | 1973 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | LBR4N - Long Beach Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Heating
- Kitchen
- Range
- Patio
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Grill
- Putting Greens
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 90 | - | 617 - 750 |
| 2+1 | 3 | - | 994 |
Property Taxes
| Parcel Number | 7145-011-041 | Improvements Assessment | $18,299,193 CAD |
| Land Assessment | $18,299,193 CAD | Total Assessment | $36,598,386 CAD |
Property Taxes
Parcel Number
7145-011-041
Land Assessment
$18,299,193 CAD
Improvements Assessment
$18,299,193 CAD
Total Assessment
$36,598,386 CAD
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