Seller's Agent in 2022
Kevin King
Marcus & Millichap
(562) 257-1245
1 in this area
39 Total Sales
6107 Linden Ave Long Beach, CA 90805
DeForest Park Neighborhood
5
Beds
3
Baths
6,610
Sq Ft
7,000
Sq Ft Lot
About This Home
As of January 2022We are pleased to present a completely turn-key apartment building located in Long Beach, California. Built in 1959, the subject property consists of 6,450 rentable square feet spread throughout a 6,500 square foot lot. Eight units are 2 bedroom / 1 bathroom units and one unit is 3 bedroom / 2 bathroom. There are 6 garages and storage for tenant convenience and can also be used to generate income for the owner. It has a pitched roof and is also separately metered for gas and electricity which helps keep expenses to a minimum. There is also a laundry room which makes additional income. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to shops, restaurants, cafes, entertainment centers and grocery stores.
The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was recently completed and opened in September 2013.
Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a high demand rental market with strong in place income in one of the best neighborhoods of Long Beach.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 07/28/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 7,001 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 6 Car Garage
- Parking Available
Home Design
- Property Attached
Interior Spaces
- 6,610 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Utilities
- Private Water Source
- Septic Type Unknown
Listing and Financial Details
- Legal Lot and Block 2 / A
- Tax Tract Number 6967
- Assessor Parcel Number 7125009012
Community Details
Overview
- 9 Units
- North Long Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Electric Expense $5,400
- Fuel Expense $744
- Insurance Expense $744
- Professional Management Expense $8,757
- Trash Expense $744
- Water Sewer Expense $744
- Operating Expense $53,713
- Gross Income $69,454
- Net Operating Income $118,645
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/03/2022 01/03/22 | Sold | $2,400,000 | -1.0% | $363 / Sq Ft | |
| 10/06/2021 10/06/21 | Pending | -- | -- | -- | |
| 07/28/2021 07/28/21 | For Sale | $2,425,000 | +23.4% | $367 / Sq Ft | |
| 06/20/2018 06/20/18 | Sold | $1,965,000 | -1.5% | $297 / Sq Ft | View Prior Sale |
| 03/13/2018 03/13/18 | Price Changed | $1,995,000 | -5.0% | $302 / Sq Ft | |
| 02/09/2018 02/09/18 | For Sale | $2,100,000 | +54.4% | $318 / Sq Ft | |
| 03/10/2016 03/10/16 | Sold | $1,360,000 | -0.4% | $206 / Sq Ft | View Prior Sale |
| 01/11/2016 01/11/16 | Pending | -- | -- | -- | |
| 12/06/2015 12/06/15 | For Sale | $1,365,000 | -- | $207 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $32,763 | $2,546,899 | $424,483 | $2,122,416 |
| 2024 | $32,763 | $2,496,960 | $416,160 | $2,080,800 |
| 2023 | $32,206 | $2,448,000 | $408,000 | $2,040,000 |
| 2022 | $30,229 | $2,400,000 | $400,000 | $2,000,000 |
| 2021 | $26,194 | $2,065,565 | $367,912 | $1,697,653 |
| 2019 | $25,819 | $2,004,700 | $357,000 | $1,647,700 |
| 2018 | $18,489 | $1,415,344 | $218,484 | $1,196,860 |
| 2016 | $14,329 | $1,128,975 | $330,283 | $798,692 |
| 2015 | $13,769 | $1,112,017 | $325,322 | $786,695 |
| 2014 | $13,707 | $1,090,235 | $318,950 | $771,285 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
Anthony Walker
Buyer's Agent in 2022
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
1 in this area
86 Total Sales
-
Justin White
Seller's Agent in 2018
Justin White
Justin White
(714) 231-2537
44 Total Sales
-
Choeun Kem
C
Buyer's Agent in 2018
Choeun Kem
Pacific Delta
(562) 599-7376
6 Total Sales
-
Kristina Moore
Seller's Agent in 2016
Kristina Moore
The Moore Group
(714) 809-7608
25 Total Sales
-
Jon Swire
Buyer's Agent in 2016
Jon Swire
The Agency
(310) 948-2631
36 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21165954
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.
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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