NOT LISTED FOR SALE

4437 Linden Ave Long Beach, CA 90807

Bixby Knolls Neighborhood
2 Beds
1 Bath
4,131 Sq Ft
8,080 Sq Ft Lot

Last Sold October 30, 2020

Last sale price $1,400,000 $339 Per Sq Ft

52 Days on Market

Highlights

  • Laundry Room
  • Los Cerritos Elementary School Rated A
  • Rectangular Lot

About This Home

As of October 2020

4437 Linden Avenue is a partially renovated five-unit multifamily investment property in Long Beach, California. The property consists of a one-bedroom house with a den and a fourplex with all two-bedroom units. The property also features income-generating on-site laundry, a two-car garage, and a single-car garage. The units are separately metered for gas and electricity, however Unit 1 shares utility meters with the common areas, and current owner pays utilities for that unit.

Three of the units (Units 1, 2 and 4) have been renovated, with upgrades that include quartz countertops, new tile, new bathrooms, refinished hardwood floors, and more.

4437 Linden Avenue is well-located in the desirable Bixby Knolls neighborhood near the Virginia Country Club and conveniently near retailers such as Trader Joe’s, Marshalls, Rite Aid, Vons, and more.

This offering presents a great opportunity to acquire a partially renovated asset in a desirable neighborhood with a great unit mix and 16 percent rental upside.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 07/14/2020

Last Buyer's Agent

Matt Mahowald

Buckingham Investments, Inc License #02001732

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 8,080 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 3 Car Garage

Home Design

  • 4,131 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 13130
  • Assessor Parcel Number 7134019004

Community Details

Overview

  • 2 Buildings
  • 5 Units
  • Bixby Knolls Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • Operating Expense $35,922
  • Gross Income $107,040
  • Net Operating Income $70,114

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Parking

3

Listing Details

  • CapRate: 5.01
  • Property Attached: No
  • Subdivision Name Other: Bixby Knolls (BK)
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7134019004
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 338.90

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 8080.00
  • Lot Size Acres: 0.1855

Multi Family

  • Gross Income: 107040.00
  • Gross Multiplier: 13.08
  • Gross Scheduled Income: 107040.00
  • Lot Size Area: 8080.0000 Square Feet
  • Net Operating Income: 70114.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 35922.00
  • Rent Control: Yes
  • Total Expenses: 35922.00

Tax Info

  • Tax Census Tract: 5715.02
  • Tax Lot: 4
  • Tax Tract Number: 13130

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $1,400,000 0.0% $339 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
08/13/2020 08/13/20 Price Changed $1,400,000 -10.5% $339 / Sq Ft
07/14/2020 07/14/20 For Sale $1,565,000 -- $379 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1200

    3 in this area

    93 Total Sales

    Steve Bogoyevac
    Section Image
  • Matt Mahowald

    Buyer's Agent in 2020

    Matt Mahowald

    Buckingham Investments, Inc

    (310) 982-7055

    1 in this area

    28 Total Sales

    Matt Mahowald
    Section Image

  • S

    Buyer Co-Listing Agent in 2020

    Susan Foley

    Buckingham Investments, Inc

    (310) 982-7055

    2 in this area

    6 Total Sales

    Susan Foley
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20138706

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90807 Bixby Knolls

4437 Linden Ave, Long Beach, CA

This home is located at 4437 Linden Ave, Long Beach, CA 90807 since 14 July 2020. This property was built in 1948. 4437 Linden Ave is a home located in Los Angeles County with nearby schools including Los Cerritos Elementary School, Hughes Middle School, and Jordan High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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