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627 Linden Avenue, Long Beach, CA 90802

Long Beach
Local realty services provided by:CENTURY 21 Discovery
627 Linden Avenue,Long Beach, CA 90802
$3,100,000
  • - Beds
  • - Baths
  • 8,543 sq. ft.
  • Multi-family
  • Active
Listed by: dan carpenter, stephen lampe
Office: surterre properties inc
MLS#:OC26010608
Source:CRMLS

Price summary

  • Price:$3,100,000
  • Price per sq. ft.:$362.87

About this home

The subject property is a 22-unit apartment building located in the trendy “East Village” neighborhood of Long Beach. This charming two story 1940’s complex is on a quiet street, just 6 blocks from the Ocean Avenue, and a 10-minute bike ride to Alamitos Beach! Walk Score: 97/100 (Walker's Paradise) 97 / 100. Walker's Paradise. Transit Score® 74 / 100. Excellent Transit. 89 / 100. Very Bikeable. The unit mix is predominantly Studio apartments (20) with a One Bedroom Unit and a Two Bedroom 1 Bath unit. All units are separately metered for gas and electric utilities. There is a secured entrance with laundry room onsite, and ample street parking. Priced attractively at a GRM of 9.84 and with the rent increases of 8% (AB 1482) that are due this year, the GRM drops to 9.12 and a CAP rate of 6.27% at the listed price. After that rent increase, the rents still have another 20% upside based on the average and median rent rates on the rent survey.

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Home facts

  • Year built:1947
  • Listing ID #:OC26010608
  • Added:47 day(s) ago
  • Updated:March 04, 2026 at 11:45 AM

Rooms and interior

  • Living area:8,543 sq. ft.

Structure and exterior

  • Year built:1947
  • Building area:8,543 sq. ft.
  • Lot area:0.17 Acres
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,100,000
  • Price per sq. ft.:$362.87
  • Tax amount:$38,564
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