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433-439 Linden Ave

6 Unit Block of Flats £1,643,145 (£273,858/Unit) 5.33% Net Initial Yield Long Beach, CA 90802

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Investment Highlights

Fully Rehabbed with Copper Plumbing, New Electrical, New Roof, and New Windows
All Two and Three Bedroom Units

Excellent East Village Location
Below Market Rents

Executive Summary

Excellent opportunity to acquire a well maintained "Turnkey" 6 unit building in a great Long Beach location. The building has been impeccably maintained and features 4 Two Bedroom One Bath units, 1 Three bedroom One Bath unit, and 1 Three Bedroom Two Bath units. The units are separately metered for utilities and the two Three Bedroom units are also separately metered for water. Currently the rents are below market allowing for a new owner to capitalize on some easy upside. Over the years the building has been upgraded and today is completely copper replumbed, has upgraded electrical, new windows and most recently a new roof.

433-439 Linden Ave_OM Final

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£131,592	£21.45
Other Income	-	-
Vacancy Loss	£3,947	£0.64
Effective Gross Income	£127,645	£20.81
Taxes	£20,445	£3.33
Operating Expenses	£19,636	£3.20
Total Expenses	£40,082	£6.53
Net Operating Income	£87,563	£14.28

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£131,592
Annual Per SF	£21.45

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	£3,947
Annual Per SF	£0.64

Effective Gross Income
Annual	£127,645
Annual Per SF	£20.81

Taxes
Annual	£20,445
Annual Per SF	£3.33

Operating Expenses
Annual	£19,636
Annual Per SF	£3.20

Total Expenses
Annual	£40,082
Annual Per SF	£6.53

Net Operating Income
Annual	£87,563
Annual Per SF	£14.28

Property Facts

Price	£1,643,145	Apartment Style	Low Rise
Price Per Unit	£273,858	Building Class	C
Sale Type	Investment	Lot Size	0.17 AC
Net Initial Yield	5.33%	Building Size	6,134 SF
Gross Rent Multiplier	12.49	Average Occupancy	100%
No. Units	6	Number of Floors	2
Property Type	Residential	Year Built/Renovated	1905/2022
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,643,145
Price Per Unit	£273,858
Sale Type	Investment
Net Initial Yield	5.33%
Gross Rent Multiplier	12.49
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.17 AC
Building Size	6,134 SF
Average Occupancy	100%
Number of Floors	2
Year Built/Renovated	1905/2022
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Kitchen

Tub/Shower

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
1+1	4	£1,729	800
3+1	1	£1,858	1,300
3+2	1	£2,191	1,500

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Walk Score ®

Walker's Paradise (98)

Transit Score ®

Excellent Transit (75)

Bike Score ®

Biker's Paradise (91)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	7281-007-005	Total Assessment	£277,404 (2024)
Land Assessment	£161,821 (2024)	Annual Taxes	£20,445 (£3.33/sf)
Improvements Assessment	£115,583 (2024)	Tax Year	2023

PROPERTY TAXES

Parcel Number

7281-007-005

Land Assessment

£161,821 (2024)

Improvements Assessment

£115,583 (2024)

Total Assessment

£277,404 (2024)

Annual Taxes

£20,445 (£3.33/sf)

Tax Year

2023

zoning

Zoning Code	RR4H, Long Beach
RR4H, Long Beach

Listing ID: 33640375
Date on Market: 25/10/2024
Last Updated:
Address: 433-439 Linden Ave, Long Beach, CA 90802

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433-439 Linden Ave, Long Beach, CA for sale Building Photo- Image 1 of 6 — Linden 1

433-439 Linden Ave, Long Beach, CA for sale Building Photo- Image 2 of 6 — IMG_4500

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433-439 Linden Ave, Long Beach, CA for sale Building Photo- Image 5 of 6 — Linden 2

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