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$1,200,000

Beds
Unknown
sq ft
2,400

5174 Linden Ave, Long Beach, CA 90805

5174 Linden Ave

Long Beach, CA 90805

  • 17 days on market
Located in the heart of Long Beach, this multi-unit apartment building offers a prime investment opportunity for those looking to capitalize on the city's growing real estate market. The building features a mix of one and two bedroom units, providing a diverse tenant base and consistent rental income potential. In addition, there's a possibilitiy to build add-on units in the empty lot. Its proximity to public transportation, shopping centers, and local amenities makes it an attractive option for renters. With steady demand for affordable housing in the area, this property promises significant appreciation and potential for renovations that can further increase its value over time.

Details

Property type

Apartment

Est. home value

$888,470

Lot size

4,882 sq ft

Price per sq ft

$500

Year built

1957

Price History

09/11/2024
CRMLS

CRMLS #PW24187680

Listed
$1,200,000
+50%
11/10/2021
CRMLS

CRMLS #PW21151605

Sold
$800,000

Schools & Community

Neighborhood: 

North Long Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bbcn Bank

Loan start date

September 2021

Original loan amount

$560,000

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Commercial

Seller

Truehome Realty Inc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/27/2024 at 5:25 PM

Listing updated: 09/11/2024 at 9:22 AM

Listed by: Ivette Reese, Koinos Real Estate Group Phone #: (213) 840-2713

MLS: CRMLS #PW24187680

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