NOT LISTED FOR SALE

Estimated Value: $817,000 - $886,010

6 Beds
3 Baths
2,630 Sq Ft
$329/Sq Ft Est. Value

Sale Details

Date Sold: May 22, 2025

Last sale price $915,000 $348 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $5,460 / mo

61 Days on Market

Highlights

  • Craftsman Architecture
  • Cooling System Mounted To A Wall/Window
  • 1 Car Garage
  • Long Beach Polytechnic High School Rated A
  • Laundry Room
  • 2-minute walk to Peace Park

About This Home

As of May 2025

For Sale: Spanish-Style Triplex with ADU Potential – 1478 Linden Ave., Long Beach, CA 90813 An exceptional income-generating triplex in the heart of Long Beach, offering strong cash flow with room for additional development. This Spanish-style property consists of a detached front house and a rear duplex, all with recently remodeled kitchens and solid rental income. Property Breakdown:
1478 Linden Ave. (Front House – 1,238 sq. ft.)
3-bedroom, 1-bathroom
Private front yard & large backyard
Laundry hookups
1-car garage (included in lease)
Current rent: $2,365/month 1480 Linden Ave. (Downstairs Rear Unit -592 sq. ft)
1-bedroom, 1-bathroom + bonus office nook.
Private front yard
Private laundry room (attached to back of garage)
Current rent: $1,550/month 1482 Linden Ave. (Upstairs Rear Unit - 800 sq. ft)
2-bedroom, 1-bathroom + bonus office nook
No laundry hookups
Current rent: $1,835/month
Investment Highlights:
Total monthly rental income: $5,750
Actual 5.4% cap rate
Alley access with gated entry
Massive backyard with potential to build 2-3 ADUs between the two structures
This is an incredible opportunity for investors looking for immediate cash flow with upside potential. Priced to sell—don’t miss your chance to add this value-packed triplex to your portfolio.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 02/20/2025

Last Buyer's Agent

Theresa Cornwell

Sage Real Estate Group, Inc. License #02230080

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 5,465 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Rectangular Lot
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Triplex
  • Craftsman Architecture
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 2,630 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 41
  • Assessor Parcel Number 7269031005

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Poly High Subdivision

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Maintenance Expense $2,250
  • Water Sewer Expense $2,160
  • New Taxes Expense $11,187
  • Operating Expense $18,598
  • Gross Income $69,000
  • Net Operating Income $48,333

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

5,465 Sq Ft Lot

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 5.40
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Water Sewer Expenses: 2160.00
  • Zoning: LBR2N
  • Architectural Style: Craftsman
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7269031005
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 347.91

Exterior Features

  • Foundation: Raised
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Sq Ft: 5465.00
  • Lot Size Acres: 0.1255

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 592 Square Feet
  • Average2 Bed Area: 800 Square Feet
  • Average3 Bed Area: 1238 Square Feet
  • Gross Income: 69000.00
  • Gross Multiplier: 12.97
  • Gross Operating Income: 69000.00
  • Gross Scheduled Income: 69000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 5465.0000 Square Feet
  • Maintenance Expense: 2250.00
  • Net Operating Income: 48333.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 20667.00
  • Rent Control: Yes
  • Total Actual Rent: 69000.00
  • Total Expenses: 18598.00

Tax Info

  • New Taxes Expense: 11187.00
  • Tax Census Tract: 5753.00
  • Tax Lot: 41

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2025
Closed on
Apr 8, 2025
Sold by
Bought by
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Theresa Cornwell
Sage Real Estate Group, Inc.
List Price
$895,000
Sold Price
$915,000
Premium/Discount to List
$20,000
2.23%
Views
37
Current Estimated Value
$865,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$49,497
Avg. Annual Appreciation
-4.76%
Original Mortgage
$915,000
Interest Rate
0.0662%
Mortgage Type
VA

Purchase Details

Closed on
Jan 17, 2025
Sold by
Bought by

Purchase Details

Listed on
Jul 11, 2020
Closed on
Sep 30, 2020
Sold by
Bought by
Seller's Agent
Crystal Young
Resound Properties
Buyer's Agent
Cody Charnell
Sage Real Estate Group, Inc.
List Price
$728,000
Sold Price
$630,000
Premium/Discount to List
-$98,000
-13.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%
Original Mortgage
$618,589
Interest Rate
0.029%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 29, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$915,000 Old Republic Title
-- Old Republic Title
-- Old Republic Title
$630,000 Stewart Title Of California
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $923,307
Closed $915,000
Previous Owner $621,000
Previous Owner $618,589
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2025 05/22/25 Sold $915,000 +2.2% $348 / Sq Ft
02/20/2025 02/20/25 For Sale $895,000 +42.1% $340 / Sq Ft
10/06/2020 10/06/20 Sold $630,000 -13.5% $240 / Sq Ft View Prior Sale
08/17/2020 08/17/20 Pending -- -- --
07/11/2020 07/11/20 For Sale $728,000 -- $277 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,420 $681,930 $324,729 $357,201
2024 $8,988 $668,560 $318,362 $350,198
2023 $8,836 $655,452 $312,120 $343,332
2022 $8,302 $642,600 $306,000 $336,600
2021 $8,128 $630,000 $300,000 $330,000
2020 $1,317 $58,153 $30,829 $27,324
2019 $1,304 $57,018 $30,225 $26,793
2018 $1,193 $55,905 $29,633 $26,272
2016 $1,090 $53,525 $28,483 $25,042
2015 $1,058 $52,722 $28,056 $24,666
2014 $1,071 $51,690 $27,507 $24,183
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25037814

California Regional Multiple Listing Service (CRMLS)

APN: 7269-031-005

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