$4,750,000
3 Beds
4 Baths
9,098 Sq Ft
$522 Price per Sq Ft

Highlights

  • 0.17 Acre Lot
  • Laundry Room
  • Rectangular Lot
  • Long Beach Polytechnic High School Rated A

About This Home

This offering presents an excellent opportunity to acquire a renovated asset with three brand new ADU’s in a strong coastal market. 338 Linden Avenue is a two-story building with a mix of one studio, 15 one-bed/one-bath units, one two-bed/two-bath unit, controlled access, and shared laundry. The building boasts numerous substantial improvements: three of the one-bedrooms are recently completed ADU additions, nine of the units have been recently remodeled, and a complete re-pipe to copper plumbing. 338 Linden Avenue is located in Downtown Long Beach’s vibrant East Village Arts District within easy walking distance of dining, shopping, and entertainment (WalkScore: 98), two blocks to the Metro Blue Line, and a half-mile to Alamitos Beach.

Listing Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 03/23/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 7,514 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 9,098 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 12 / 76
  • Assessor Parcel Number 7281011017
  • $3,792 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • Operating Expense $140,917
  • Gross Income $417,266
  • Net Operating Income $283,559

Additional Features

  • 17 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

7,514 Sq Ft Lot

Listing Details

  • CapRate: 5.97
  • Property Attached: No
  • Subdivision Name Other: east village arts district
  • Zoning: LBPD30
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7281011017
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 522.09

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 7514.00
  • Lot Size Acres: 0.1725

Multi Family

  • Gross Income: 417266.00
  • Gross Multiplier: 11.38
  • Gross Scheduled Income: 417266.00
  • Lot Size Area: 7514.0000 Square Feet
  • Net Operating Income: 283559.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Units Total: 17
  • Operating Expense: 140917.00
  • Rent Control: Yes
  • Total Expenses: 140917.00

Tax Info

  • Tax Block: 76
  • Tax Census Tract: 5762.00
  • Tax Lot: 12
  • TaxOtherAnnualAssessmentAmount: 3792.00

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $49,249 $3,713,166 $2,408,942 $1,304,224
2024 $49,249 $3,640,359 $2,361,708 $1,278,651
2023 $48,364 $3,568,980 $2,315,400 $1,253,580
2022 $45,413 $3,499,000 $2,270,000 $1,229,000
2021 $8,320 $437,944 $83,642 $354,302
2020 $8,273 $434,575 $82,785 $351,790
2019 $8,162 $426,077 $81,162 $344,915
2018 $7,859 $417,745 $79,571 $338,174
2016 $7,237 $400,449 $76,482 $323,967
2015 $6,997 $394,435 $75,334 $319,101
2014 $7,013 $386,710 $73,859 $312,851
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2026 03/23/26 For Sale $4,750,000 -- $522 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26062317

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.