Long Beach, CA 90813 1208 Linden Avenue

Pending
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Presented By: Lionel Franklin with Keller Williams Realty Irvine; 714-580-1047
  • MLS# OC24157792
  • 07/31/2024
  • Request Tour
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  • FootageSQFT • 4,200

Home Details

Investor's Dream - Rare Income-Producing Property with Assumable FHA Loan at 2.75%! Welcome to 1208 Linden Ave, a remarkable property that offers immense cash flow potential and versatile living options. This unique opportunity features two large homes on a spacious 7,249 sq ft lot, located just blocks from St. Mary’s Medical Center, the beach, and the vibrant downtown Long Beach area with its shops, restaurants, and entertainment centers. The property is also near the significant Long Beach redevelopment, including the Port of Long Beach. The front house, recently remodeled in 2010 and expanded by an additional 1,000 sq ft, features an open floor plan with hardwood floors, tile, granite countertops, and new cabinets, along with updated electrical and copper plumbing and a large stand-up basement offering additional storage or living space. The rear house, built in 1960, offers 7 bedrooms and 2 bathrooms, making it ideal for rental income, Airbnb, recovery housing, elderly care, or other housing applications. With a beautifully landscaped front yard, a landscaped backyard providing a serene outdoor space, and a spacious driveway accommodating up to 4 vehicles, this high-income-producing property is perfect for investors looking to maximize their return. The front house offers the opportunity to live in comfort while generating substantial income from the rear home. The assumable FHA loan at a low 2.75% interest rate enhances the property's investment appeal. Whether you're looking to invest, live, and earn, or explore various housing applications, 1208 Linden Ave is a rare find with exceptional potential. Don’t miss out on this prime investment opportunity in a thriving Long Beach location. Contact us today to schedule a viewing and secure this incredible property!
Presented By: Lionel Franklin with Keller Williams Realty Irvine; 714-580-1047

Interior Features for 1208 Linden Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)Yes
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile
Heating Y/NYes
Laundry FeaturesLaundryRoom
Total Stories2

Other Rooms

Entry Level1

General for 1208 Linden Avenue

Additional Parcels Y/NNo
AppliancesGasCooktop, Dryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.0
Carport Y/NNo
CityLong Beach
Community FeaturesGutters, Sidewalks, Urban
CoolingNone
CountyLos Angeles
Directions7th st to Atlantic Ave to 11th st to Linden Ave
Electric On Property Y/NNo
Entry LocationFront Door
Garage Spaces0.0
Garage Y/NNo
Gross Income84502.0
HOANo
HeatingForcedAir, WallFurnace
Home Warranty Y/NNo
Insurance Expense3485.0
Interior FeaturesAllBedroomsDown, Attic, BedroomOnMainLevel, MainLevelPrimary
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, FHA, FannieMae, FreddieMac, GovernmentLoan, Submit, VaLoan, VaNoLoan, VaNoNoLoan
Lot Size Square Feet7251.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income76193.0
New ConstructionNo
Number of Units Leased2
NumberOfUnitsTotal2
Open Parking Spaces4.0
Operating Expense8309.0
Other StructuresTwoOnALot
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofCommonRoof
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories1
Subdivision NameAlamitos Beach (AB)
Tax Lot5
Tenant PaysCableTv, Electricity, Gas, Sewer, TrashCollection
Total Actual Rent7033.45
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
Water Sewer Expense3624.0
Waterfront Y/NNo
Year Built1909
Year Built SourceAssessor
ZoningLBR4N

Exterior for 1208 Linden Avenue

Building Area Total4200.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, BackYard, FrontYard, Lawn, Landscaped, Level
Lot Size Acres0.1665
Lot Size Area7251.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDriveway, RvPotential, OnStreet, Tandem, Uncovered
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,400,000
MLS#OC24157792
List Date 07/31/2024
Property Type Pending
Phone 714.964.3311
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