4446 Linden Avenue

Long Beach,CA 90807

$ 1300000

8 Beds

0 Bath

3266 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,266 sqft

Price per Sqft $398

MLS Listing ID CRSB25237138

Bedrooms 8

Year Built 1944

Lot Size 7,908 Sqft

Property Sub-Type Quadruplex

Property Description

Rare 4 unit property in the best part of Bixby Knolls on the market for the first time in 40 years. 100% 2 bedroom 1 bath units with over 800 square feet each. Huge 40% upside in actual rents to a market GRM of 10.7X and a 6.0% cap rate. Huge lot of nearly 8000 square feet plus a separate structure with two 2 car garages and a laundry room for extra income. Separately metered for gas and electric with individual water heaters for each unit. Incredible location in one of the best neighborhoods of Bixby Knolls. Only 2 blocks from Virginia Country Club, 2 blocks from Scherer Park. Located on a quiet residential side street, but a quick walk to retail and restaurants on Atlantic.

Location

State CA

County Los Angeles

Interior

Heating Wall Furnace

Cooling No Air Conditioning

Laundry Common Area

Exterior

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Building

Lot Description Other

New Construction No

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