Active

235 Linden

Long Beach, CA 90802
Mark as Favorite
Bed 1

Bed

Bath 2

Bath

SqFt7,519

Sqft(Lot)

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.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,500,000

AD Id : 89183873

MLS Id : PW26169871

Beds : 1

Lot Size : 7,519 Sqft

Year Built : 1913

County : Los Angeles

Subdivision: Miami Suburban Acres

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Building Information

    Year Built: 1913
    Building Area Total: 9029
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7519 Lot Size Acres: 0.1726 Lot Size Source: Assessor Lot Size Square Feet: 7,519 Lot Description: SixteenToTwentyUnitsAcre

    Property Information

    Subdivision: Alamitos Beach (AB) Source Property Type: ResidentialIncome Property SubType: Mixed Use Property Age: 113

  • Listing Price Information

    Listing Price: $3500000
    Cash, CashToNewLoan, Exchange1031

  • Tax Information

    Parcel Number: 7281016008 Tax Lot: 11 Tax Block: 92

  • Location Information

    Direction: Atlantic Ave WaterSource: Public
Sell a home like this and save $209,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1738 E 4th, Long Beach, CA, 90802 $299,998 -- 1 397 397 SqFt
1738 E 4th Street #15, Long Beach, CA, 90802 $279,000 -- 1 398 398 SqFt
1427 E 4th, Long Beach, CA, 90802 $1,999,000 2 6 --
530 Almond Avenue, Long Beach, CA, 90802 $1,250,000 3 -- 1,962 1,962 SqFt
1250 E 4th, #8, Long Beach, CA, 90802 $280,000 1 1 654 654 SqFt
216 Esperanza, Long Beach, CA, 90802 $1,449,000 4 4 --
1310 E Ocean #405, Long Beach, CA, 90802 $819,000 1 1 990 990 SqFt
1152 E 1st Street, Long Beach, CA, 90802 $6,999,000 8 30 19,800 19,800 SqFt
437 Bonito, Long Beach, CA, 90802 $2,450,000 11 10 --
1142 E 1st Street, Long Beach, CA, 90802 $3,475,000 14 -- 8,965 8,965 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/18/2026 @ 16:38

MLS: PW26169871 LISTED BY: Robert Stepp, Keller Williams Realty Downey 562-334-1500 SOURCE: CRMLS

Homes around $3,500,000

Selling? Save $209,501 when you sell a home like this

Tour with a ByOwner Agent