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2430 Linden Ave, Long Beach, CA 90806
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2430 Linden Ave Long Beach, CA 90806

$1,600,000 Sold Price as of 03/19/2021
  • 12 Beds
  • 7 Baths
  • 5,006 Sq.Ft.
Sold
$1,600,000 Sold Price as of 03/19/2021 Refinance Your Mortgage
Map preview of 2430 Linden Ave, Long Beach, CA 90806

Property Overview: 2430 Linden Ave Long Beach, CA has 12 bedrooms, 7 bathrooms, 5,006 living square feet and 5,165 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2430 Linden Ave is located in an exceptional Long Beach location. It is located right off the 710 freeway with the 405 freeway neighboring to the east. It is centrally located with access to public transportation, as well as many stores and restaurants. The subject property has a total of 7 units. The unit mix consists of five - 2 Bd/1 Ba and two - 1 Bd/1 Ba units. The property has been very well-maintained and is experiencing 100% collections. The property comprises 1, two-story building built in 1963 with some renovations done over the years. This property is located in a very good rental market and there is a potential 62% upside in NOI. The property also features onsite laundry and ample amount of parking. 2430 Linden Ave would make a great addition to the portfolio of any investor looking for an excellent unit mix and reliable cash flow

Listed by Shane Young | BRE #01963090 | Marcus & Millichap
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 29

Home details

Lot Sq. Ft
5,165
HOA Dues
$0/mo
Year built
1963
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20253338
City
Long Beach
County
Los Angeles
Time on Site
1255 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,407
  • Total Rent: $1,407
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Furnished
  • Actual Rent: $1,100
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 15.34
  • Gross Scheduled Income: $110,820
  • Net Operating Income: $67,971
  • Gross Operating Income: $109,895
  • Vacancy Allowance: $3,325
  • Other Income 1: $700
Annual Expense Breakdown
  • Total Operating Expense: $41,924
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $21,618
  • Trash: $0
  • Insurance: $2,253
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 2430 Linden Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 7208007016
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Signal Hill (SH)
  • Directions: N/A
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Long Beach Agent

Sale History for 2430 Linden Ave

Last sold for $1,600,000 on March 19th, 2021

  • March, 2021

  • Mar 20, 2021

    Date

    Sold

    CRMLS: PW20253338

    $1,600,000

    Price

  • Mar 15, 2021

    Date

    Pending

    CRMLS: PW20253338

    $1,675,000

    Price

  • Mar 13, 2021

    Date

    Sold

    CRMLS: PW20253338

    $1,600,000

    Price

  • Jan 6, 2021

    Date

    Pending

    CRMLS: PW20253338

    $1,675,000

    Price

  • Dec 11, 2020

    Date

    Price Change

    CRMLS: PW20253338

    $1,675,000

    Price

  • Dec 8, 2020

    Date

    Active

    CRMLS: PW20253338

    $1,700,000

    Price

  • June, 2005

  • Jun 8, 2005

    Date

    Sold (Public Records)

    Public Records

    $810,000

    Price

  • October, 2003

  • Oct 14, 2003

    Date

    Sold (Public Records)

    Public Records

    $635,000

    Price

Show More

Tax History for 2430 Linden Ave

Assessed Value (2020): $1,032,382
Year Land Value Improved Value Assessed Value
2020 $382,362 $650,020 $1,032,382

Home Value Compared to the Market

This property vs the competition

2430 Linden Ave sold on March 19, 2021 for 87.78% higher than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $334.6 per/sqft which puts the price per square foot 49.23% lower than the current median sale per square foot for the city of Long Beach.

About 2430 Linden Ave

Detailed summary of property

2430 Linden Ave is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 12 bedrooms, 7 bathrooms, roughly 5,006 living square feet, and sits on an approximately 5,165 square foot lot. 2430 Linden Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,600,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 87.78% higher than the current median priced home. Local homes that are currently for sale include 4134 E Jacinto Way, 246 E Hullett St and 4851 Faculty Ave. While the average home in Long Beach, CA is selling in 52 days, 2430 Linden Ave has a days on market of 29 days. There are currently 711 homes for sale in the Long Beach real estate market and 397 of them are single family homes while 292 of them are condos and 22 are townhomes. For more information on this home for sale at 2430 Linden Ave Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2430 Linden Ave

Public county record property details
Beds
12
Baths
7
Year built
1963
Sq. Ft.
5,006
Lot Size
5,165
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
7208-007-016

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$795,000
Median List Price/Sq.Ft.
$544
Median Sold Price
$835,000
Median Sold Price/Sq.Ft.
$657
Total Inventory
14
Median Sale to List Price %
111.33%
Avg Days on Market
17
Loan Type
Conventional (37.5%), FHA (12.5%), VA (0%), Cash (0%), Other (37.5%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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