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406 Linden Avenue, Long Beach, CA 90802
1
bed
11
baths
11000
ft2
· 15000
ft2 lot
$4,999,000
$454 / ft2
Listing provided courtesy of Michael Robinson, Broadmoor Realty, Inc..
Source CRMLS.
HUGE RESIDENTIAL/COMMERCIAL DEVELOPMENT OPPORTUNITY IN THE BIGGEST REDEVOPEMENT BOOM AREA IN CALIFORNIA- DOWNTOWN LONG BEACH. Currently, this property is operating very well as 19 residential units and one commercial unit. But, it also has huge Highrise Residential/Commerical potential, either now or in the future. Corner lot- 3 Parcels- 7281-007-023, 7281-007-024, and 7281-007-025. Prime and very valuable East Village location. Please Text Mike for a Property Sheet for more details. There is a coin-operated laundry room in the main building, with a service. The lease is up soon.
HOA
$0/month
On market
10 months
Year built
1917
Property type
Multi-Family
Parking
MLS
PW20116303
Price / Sq.Ft.
$454 / ft2
Status
Active
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Flyhomes Cash Offer
Based on a price of $4,999,000
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Cash Offer Costs:
Net Rebate:
Negotiating Power:
Flyhomes Cash Offer
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+$972/day
$0
Best
Flyhomes Guaranteed Offer
$24,995
- -
$24,995
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Discount Brokerage
$19,996
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$19,996
Average
Traditional Brokerage
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Variable
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Common Area, Individual Room
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
•   
Cooling Details: Heat Pump
Interior Size
•   
Building Area Total: 11000.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 0.00
Building Info
•   
Building Area Units: Square Feet
•   
Num Stories: Two
•   
Year Built Source: Assessor
Lot Info
•   
Zoning: LBPD30
•   
Lot Features: Corner Lot
•   
Lot Size Source: Estimated
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.3444
•   
Additional Parcels Description: 7281-007-024, 7281-007-023,
•   
Lot Size Area: 15000.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 20
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 16
•   
Number Of Separate Gas Meters: 16
•   
Number Of Separate Water Meters: 1
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Operating Expense Percent: 35.00
•   
Gross Operating Income: 14715.00
•   
Water Sewer Expense: 8000.00
•   
Vacancy Allowance Rate: 5.00
•   
Total Actual Rent: 15490.00
•   
Fuel Expense: 0.00
•   
Trash Expense: 1200.00
•   
New Taxes Expense: 57500.00
•   
Insurance Expense: 2500.00
•   
Professional Management Expense: 9000.00
•   
Total Expenses: 79100.00
•   
Gross Scheduled Income: 15490.00
•   
Tax Block: 69
•   
Operating Expense: 5150.00
Tax/Assessment Info
•   
Gross Income: 0.00
•   
Tax Year: 2020
•   
Taxes: 5602.0
Lease Info
•   
Net Operating Income: 9565.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 900.00
Multi Unit Information
Unit 10 Information
•   
Unit 10 Bathrooms: 1
•   
Unit 10 Garage Spaces: 0.00
•   
Unit 10 Actual Rent: 765.00
•   
Unit 10 Total Units: 1
•   
Unit 10 Total Rent: 765.00
•   
Unit 10 Furnished Units: Unfurnished
Unit 7 Information
•   
Unit 7 Garage Spaces: 0.00
•   
Unit 7 Bathrooms: 1
•   
Unit 7 Actual Rent: 930.00
•   
Unit 7 Total Units: 1
•   
Unit 7 Total Rent: 930.00
•   
Unit 7 Furnished Units: Unfurnished
Unit 2 Information
•   
Unit 2 Actual Rent: 0.00
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 0.00
•   
Unit 2 Total Rent: 0.00
Unit 11 Information
•   
Unit 11 Garage Spaces: 0.00
•   
Unit 11 Bathrooms: 1
•   
Unit 11 Actual Rent: 575.00
•   
Unit 11 Total Units: 4
•   
Unit 11 Total Rent: 2300.00
•   
Unit 11 Furnished Units: Unfurnished
Unit 3 Information
•   
Unit 3 Actual Rent: 1100.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 0.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1100.00
Unit 8 Information
•   
Unit 8 Bathrooms: 1
•   
Unit 8 Garage Spaces: 0.00
•   
Unit 8 Actual Rent: 925.00
•   
Unit 8 Total Units: 2
•   
Unit 8 Total Rent: 1850.00
•   
Unit 8 Furnished Units: Unfurnished
Unit 9 Information
•   
Unit 9 Bathrooms: 1
•   
Unit 9 Garage Spaces: 0.00
•   
Unit 9 Actual Rent: 865.00
•   
Unit 9 Total Units: 2
•   
Unit 9 Total Rent: 1730.00
•   
Unit 9 Furnished Units: Unfurnished
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 0.00
•   
Unit 1 Total Rent: 0.00
Unit 4 Information
•   
Unit 4 Actual Rent: 990.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 990.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 0.00
Unit 5 Information
•   
Unit 5 Actual Rent: 975.00
•   
Unit 5 Total Units: 5
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 4875.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
Multi Unit Information
•   
# Of Units: 11
•   
Number Of Units Leased: 18
Unit 6 Information
•   
Unit 6 Actual Rent: 950.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 950.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Garage Spaces: 0.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Other Subdivision Name: East Village
•   
Subdivision: Other (OTHR)
•   
Community Features: Biking, Curbs, Sidewalks, Street Lights, Urban
•   
Directions: Fourth Street Atlantic Blvd in Dwontown Long Beach
Other
Calculation
•   
Dom: 1
•   
Cdom: 1
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 16, 2021 7:37am
Neighborhood snapshot
122
Properties for sale
15.5
Median days on market
$520.70
Median sold price/sqft
99.71%
Sold/List %
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walk score® :
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bike score® :
Property History
06/16/2020
06/16/2020
CRMLS #PW20116303
active
CRMLS #PW20116303
$4,999,000
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