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Prime East Village Arts District 235 Linden Ave 18 Unité Immeuble d’appartements 4 867 800 $ CAD (270 433 $ CAD/Unité) 6% Taux de capitalisation Long Beach, CA 90802
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- All Units Renovated
- Opportunity to Increase Cash Flow with RUBS Implementation
- 7.17% Cap Rate / 8.76 GRM at Market
- Approximately $275K in CapEx
- Prime East Village Arts District Commands Rental Premiums
Résumé de l'annonce
235–237 Linden Avenue is an 18-unit multifamily asset located in Long Beach's East Village Arts District, a walkable, supply-constrained Downtown submarket supported by strong renter demand and proximity to employment, transit, and lifestyle amenities. The property features nine (9) studios and nine (9) one-bedroom/ one-bath units, an efficient unit mix aligned with market demand, as evidenced by 100% occupancy.*
Originally constructed in 1913, the building retains its historic exterior while offering fully renovated interiors throughout. Ownership has invested approximately $275,000 in capital improvements, including roof upgrades, renovated units, keyless entry, and exterior improvements. As a result, the property offers a stabilized, low-maintenance investment with minimal near-term capital needs.
The property boasts a 98 Walk Score and 91 Bike Score, placing residents within walking distance of Downtown Long Beach's restaurants, retail, and entertainment. The East Village Arts District continues to benefit from stable occupancy and rental demand driven by its vibrant local business community and convenient access to the broader Downtown employment base.
235–237 Linden Avenue offers a clear path to value creation, currently priced at a 6.00% cap rate and 9.85 GRM with meaningful room to grow. Through the implementation of RUBS and the achievement of market rents, an investor can push the property to a 7.17% cap rate and 8.76 GRM—a 117-basis-point expansion in yield and more than a full point of GRM compression. This equates to $40,908 of additional annual NOI, a nearly 20% increase in cash flow with no change in basis.
Originally constructed in 1913, the building retains its historic exterior while offering fully renovated interiors throughout. Ownership has invested approximately $275,000 in capital improvements, including roof upgrades, renovated units, keyless entry, and exterior improvements. As a result, the property offers a stabilized, low-maintenance investment with minimal near-term capital needs.
The property boasts a 98 Walk Score and 91 Bike Score, placing residents within walking distance of Downtown Long Beach's restaurants, retail, and entertainment. The East Village Arts District continues to benefit from stable occupancy and rental demand driven by its vibrant local business community and convenient access to the broader Downtown employment base.
235–237 Linden Avenue offers a clear path to value creation, currently priced at a 6.00% cap rate and 9.85 GRM with meaningful room to grow. Through the implementation of RUBS and the achievement of market rents, an investor can push the property to a 7.17% cap rate and 8.76 GRM—a 117-basis-point expansion in yield and more than a full point of GRM compression. This equates to $40,908 of additional annual NOI, a nearly 20% increase in cash flow with no change in basis.
Faits sur la propriété
| Prix | 4 867 800 $ CAD | Classe d’immeuble | C |
| Prix par unité | 270 433 $ CAD | Taille du lot | 0,18 AC |
| Type de vente | Investissement | Taille du bâtiment | 9 029 pi² |
| Taux de capitalisation | 6% | Occupation moyenne | 100% |
| Multiplicateur du loyer brut | 9.85 | Nombre d’étages | 2 |
| Nombre d’unités | 18 | Année de construction | 1913 |
| Type de propriété | Immeuble residentiel | Ratio de stationnement | 0,44/1 000 pi² |
| Sous-type de propriété | Appartement | Zone de développement économique |
Oui
|
| Style d’appartement | De faible hauteur | ||
| Zonage | PD30, Long Beach | ||
| Prix | 4 867 800 $ CAD |
| Prix par unité | 270 433 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6% |
| Multiplicateur du loyer brut | 9.85 |
| Nombre d’unités | 18 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,18 AC |
| Taille du bâtiment | 9 029 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1913 |
| Ratio de stationnement | 0,44/1 000 pi² |
| Zone de développement économique |
Oui |
| Zonage | PD30, Long Beach |
Commodités
Commodités des unités
- Cuisine
- Réfrigérateur
- Fourchette
- Bain/Douche
- Congélateur
Commodités du site
- Accès 24 heures
- Accès contrôlé
- Installations de lessive
- Sans ascenseur
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| Studios | 9 | - | 430 |
| 1+1 | 9 | - | 510 - 600 |
1 1
Exceptionnellement accessible à pied
90/100
Moyennement adapté aux voitures
70/100
Transports en commun efficaces
80/100
Moyennement accessible en vélo
70/100
Impôts fonciers
| Numéro de lot | 7281-016-008 | Évaluation des bâtiments | 1 993 937 $ CAD |
| Évaluation du terrain | 3 639 731 $ CAD | Évaluation totale | 5 633 668 $ CAD |
Impôts fonciers
Numéro de lot
7281-016-008
Évaluation du terrain
3 639 731 $ CAD
Évaluation des bâtiments
1 993 937 $ CAD
Évaluation totale
5 633 668 $ CAD
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Prime East Village Arts District | 235 Linden Ave
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