USACALong BeachAlamitos Beach (Ab)235 Linden Ave
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$3,500,000

For Sale

11 days ago

235 Linden Ave, Long Beach, CA

House

MLS® PW26169871

0 Bed

0 Bath

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0

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 11
Lot Size 0.1726 Acres
Approx. Age 1913
MLS® Number PW26169871

Property Address: 235 Linden Ave, Long Beach, CA, 90802-3163

Average square foot calculated using Size range provided by listing agent.

Description

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. 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.
MLS® NumberPW26169871
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1913
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 6, 2026List Date
$3,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
235 Linden Ave, Long Beach, CA

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