235 Linden, Long Beach, CA 90802
Local realty services provided by:ERA North Orange County Real Estate
235 Linden,Long Beach, CA 90802
$3,500,000
- - Beds
- - Baths
- 9,029 sq. ft.
- Multi-family
- Active
Listed by: robert stepp
Office: keller williams realty downey562-334-1500
MLS#:PW26169871
Source:CRMLS
Price summary
- Price:$3,500,000
- Price per sq. ft.:$387.64
About this home
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....
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Home facts
- Year built:1913
- Subdivision & Development:Alamitos Beach (AB)
- Listing ID #:PW26169871
- Added:52 day(s) ago
- Updated:September 28, 2026 at 12:21 PM
Rooms and interior
- Living area:9,029 sq. ft.
Structure and exterior
- Year built:1913
- Building area:9,029 sq. ft.
- Lot area:0.17 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,500,000
- Price per sq. ft.:$387.64
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