Address
235 Linden, Long Beach, CA
Price
$ 3,500,000
Property Attributes
- MLS#PW26169871
- TypeMulti-Family
- Listing Status Active
- CountyLos Angeles
- CityLong Beach
- Area Downtown Area, Alamitos Beach
- NeighborhoodAlamitos Beach (AB)
- Zip90802
- Style
- Year Built1913
- Price$ 3,500,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage9029
- Lot Size0.1726 Acres
Data Source:
California Regional MLS (CRMLS)
Property 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.
| Price History | |
|---|---|
| 8/6/2026 | Listed $3,500,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Pool Features | None |
| Year Built | 1913 |
| Property Subtype | Mixed Use |
| Gross Income | 344608 |
| Community Features | Sidewalks |
| County | Los Angeles |
| Net Operating Income | 210086 |
| Operating Expense | 134522 |
| Insurance Expense | 15564 |
| New Construction | false |
| Property Type | Residential Income |
| MaintenanceExpense | 10800 |
| Subdivision Name | Alamitos Beach (AB) |
| Garage Y/N | false |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Atlantic Ave |
| City | Long Beach |
| Entry Location | 1 |
| Senior Community Y/N | false |
| Number Of Units Total | 18 |
| MLS Area | 4 - Downtown Area, Alamitos Beach |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 7519 |
| Listing Terms | Cash,Cash to New Loan,1031 Exchange |
| Property Attached Y/N | true |
| Land Lease Y/N | false |
| Electric Expense | 8858 |
| Fuel Expense | 8858 |
| Trash Expense | 8858 |
| Water Sewer Expense | 8858 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | true |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 11 |
| Property Sub Type Additional | Mixed Use |
| Taxes | 46418 |
| Cap Rate | 6 |
| PostalCity | LONG BEACH |
Interior Features
| Total Stories | 2 |
|---|---|
| Common Walls | 2+ Common Walls |
| Laundry Features | Common Area |
| Entry Level | 1 |
Exterior Features
| Lot Features | 16-20 Units/Acre |
|---|---|
| Water Source | Public |
| Lot Size Area | 7519 |
| Number of Buildings | 2 |
| Building Area Total | 9029 |
| Lot Size Acres | 0.1726 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 1 |
| Number of Separate Gas Meters | 1 |
| Number of Separate Electric Meters | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90802
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 18, 2026 5:15 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
