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626-632 Linden Ave 9 Unit Apartment Building $2,250,039 CAD ($250,004 CAD/Unit) 6.54% Cap Rate Long Beach, CA 90802
Investment Highlights
- • Excellent East Village Arts District Location - Walk Score of 97
- • Upgraded electric panels
- • 13.1% Pro Forma return
- • Well maintained property
- • 6.2% Cap Rate – current rents 8.1% Cap Rate – market rents
Executive Summary
• Excellent East Village Arts District Location - Walk Score of 97
• Well maintained property
• Upgraded electric panels
• Approximately 18% rental upside
• 6.2% Cap Rate – current rents 8.1% Cap Rate – market rents
• 13.1% Pro Forma return
Located in the heart of Long Beach’s vibrant East Village Arts District, 626 Linden Avenue places residents within walking distance of dining, shopping, and entertainment. This central location in one of Downtown Long Beach’s most desirable rental submarkets, where demand is supported by walkability, employment accessibility, and proximity to the city’s coastal amenities and close access to the Metro and major freeways.
The East Village, just southeast of Downtown Long Beach, it is home to over 50 small businesses, restaurants, and boutique hotels, and galleries. This desirable location attracts young tenants ranging from CSULB students, creative professionals and people working port related jobs which provides over 50,000 high paying jobs. Long Beach is the 7th largest city in California and offers a unique blend of a casual coastal lifestyle and urban convenience with lots of employment opportunities. Major industries include port logistics, aerospace and aviation, healthcare and tourism.
• Well maintained property
• Upgraded electric panels
• Approximately 18% rental upside
• 6.2% Cap Rate – current rents 8.1% Cap Rate – market rents
• 13.1% Pro Forma return
Located in the heart of Long Beach’s vibrant East Village Arts District, 626 Linden Avenue places residents within walking distance of dining, shopping, and entertainment. This central location in one of Downtown Long Beach’s most desirable rental submarkets, where demand is supported by walkability, employment accessibility, and proximity to the city’s coastal amenities and close access to the Metro and major freeways.
The East Village, just southeast of Downtown Long Beach, it is home to over 50 small businesses, restaurants, and boutique hotels, and galleries. This desirable location attracts young tenants ranging from CSULB students, creative professionals and people working port related jobs which provides over 50,000 high paying jobs. Long Beach is the 7th largest city in California and offers a unique blend of a casual coastal lifestyle and urban convenience with lots of employment opportunities. Major industries include port logistics, aerospace and aviation, healthcare and tourism.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$226,084
|
$31.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,783
|
$0.95
|
| Effective Gross Income |
$219,301
|
$30.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$72,093
|
$10.11
|
| Net Operating Income |
$147,208
|
$20.64
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $226,084 |
| Annual Per SF | $31.70 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,783 |
| Annual Per SF | $0.95 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $219,301 |
| Annual Per SF | $30.75 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $72,093 |
| Annual Per SF | $10.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $147,208 |
| Annual Per SF | $20.64 |
Property Facts
| Price | $2,250,039 CAD | Building Class | C |
| Price Per Unit | $250,004 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,131 SF |
| Cap Rate | 6.54% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.9 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1918 |
| Property Type | Multifamily | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RR4H, Long Beach | ||
| Price | $2,250,039 CAD |
| Price Per Unit | $250,004 CAD |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| Gross Rent Multiplier | 9.9 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,131 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1918 |
| Parking Ratio | 0.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RR4H, Long Beach |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $1,883 CAD | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7274-018-012 | Improvements Assessment | $239,927 CAD (2025) |
| Land Assessment | $228,504 CAD (2025) | Total Assessment | $468,432 CAD (2025) |
Property Taxes
Parcel Number
7274-018-012
Land Assessment
$228,504 CAD (2025)
Improvements Assessment
$239,927 CAD (2025)
Total Assessment
$468,432 CAD (2025)
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626-632 Linden Ave
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