6127 Linden Ave, Long Beach, CA 90805

6127 Linden Ave, Long Beach, CA 90805

Long Beach, CA

Property Description

Lyon Stahl Investment Real Estate is pleased to present 6127 Linden Avenue, a fully occupied, three unit investment property located in Long Beach. Listed for under $260,000 per unit, this 1950’s construction property consists of three bedrooms and three bathrooms. Each unit is one bedroom and one bathroom that are individually metered for gas and electric. Exceptional rents and on site coin laundry provide a current CAP rate of 4.46% and a GRM of 14.83.
This adorable property is occupied by good tenants and has been very well maintained. Interior renovations in 2018 have included kitchens, bathrooms, counters, paint, stoves, and lighting fixtures. The exterior has recently been painted and the composite roof was replaced in the last 5 years. All three garage doors have been replaced within the last year and all three water heaters are new or in like new condition.

Property Features

  • Sale Price: 775,000
  • Area Size: 1,584 SF
  • Year Built: 1952
  • Listing Date: July 25, 2021
  • Closing Date: October 18, 2021
  • Units: 3
  • Current GRM: 14.83
  • Current Cap Rate: 4.46%
  • Price Per Unit: $258,33
  • Market GRM: 14.21
  • Market Cap Rate: 4.74%

Lyon Stahl Investment Real Estate

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