The Linden Portfolio

Overview

Price: $8,995,000
Number of Units: 40
Year Built: 1912/1922
Price per Unit: $224,875
Current GRM: 16.76
Current Cap Rate: 3.4%
Mix: Building 1: (16) ST.  /  Building 2: (6) 1BR (18) ST.

Photos
Agent
  • Chris Walker
    Chris WalkerVice President of Investments#01905338(949) 756-3232
Location

Neighborhood Description

Located in one of the hottest neighborhoods of Long Beach, East Village, the Linden Portfolio offers an eclectic mix of popular retail shops, to-die for restaurants, and entertainment for every walk of life. With the Metro Blue Line right next door, it’s in the middle of a recent downtown development boom. This prime location offers everything a tenant could want – a block away from the Shoreline Gateway Tower (under construction until 2021) and The Current, and steps away from the Beach and Shoreline Drive.

Description

The Linden Portfolio is a great investment opportunity for a savvy investor. With a walkability score of 93 and being well-maintained, this 40 unit portfolio has over 25% upside in rents. Bonus amenities include an on-site laundry facility, controlled-access entry, and individually-metered units with updated electrical for 65 Linden Building (24 Units). With a nice mix of ceramic floor tile and/or hardwood, walk-in closets, and free standing bath tubs, each unit has a little bit of something for every prospective tenant.