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6127 Linden Ave Long Beach, CA 90805

$750,000 Sold Price as of 10/15/2021

3 Beds
3 Baths
1,584 Sq.Ft.

Sold

$750,000 Sold Price as of 10/15/2021 Refinance Your Mortgage

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Map preview of 6127 Linden Ave, Long Beach, CA 90805

Property Overview: 6127 Linden Ave Long Beach, CA has 3 bedrooms, 3 bathrooms, 1,584 living square feet and 3,787 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This adorable property is fully 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. Listed for under $260,000 per unit, this 1950s 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.

Listed by John McCann | BRE #01963932 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Marissa Case | BRE #02099936 | Lyon Stahl Investment Real Estate, Inc.

Last checked: 10 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft: 3,787
HOA Dues: $0/mo
Year built: 1952
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: 21765318
City: Long Beach
County: Los Angeles
Time on Site: 1005 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 2

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,495
Total Rent: $1,495
Pro Forma/Market Rent: $1,495

Unit Breakdown 2

# of Units: 2
# of Beds: 1
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,400
Total Rent: $2,800
Pro Forma/Market Rent: $1,495

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 14.35
Gross Scheduled Income: --
Net Operating Income: $34,845
Gross Operating Income: $50,692

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 6127 Linden Ave

Interior Features

Heating Information

Has Heating
Wall Furnace

Laundry Information

Has Laundry
Washer Included, Dryer Included, Community

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 3
Has Parking
Parking Features: Assigned

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 3
Parcel Number: 7125003002
Property Condition: Updated/Remodeled

Location / Neighborhood

Location Information

Directions: One block west of Atlantic Ave, between South St and Harding St.

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Local Long Beach Agent

Sale History for 6127 Linden Ave

Last sold for $750,000 on October 15th, 2021

September, 2021
Sep 7, 2021

Date

Active Under Contract

CRMLS: 21765318

$750,000

Price
Aug 24, 2021

Date

Price Change

CRMLS: 21765318

$750,000

Price
Jul 26, 2021

Date

Active

CRMLS: 21765318

$775,000

Price
December, 2018
Dec 3, 2018

Date

Sold

CRMLS: WS18252359

$575,000

Price
Oct 25, 2018

Date

Pending

CRMLS: WS18252359

$599,900

Price
Oct 19, 2018

Date

Active

CRMLS: WS18252359

$599,900

Price
Listing provided courtesy of CRMLS

Incredible investment opportunity to own units in North Long Beach! This property is perfect as an owner user or as the ideal income property to add to your portfolio. All three units feature 1 bed/1 bath and finished with vinyl flooring in the common areas and plush carpet in the bedrooms. Each unit have been finished with new paint, light fixtures throughout, and have their own single car garage. Additional features include private laundry room with multiple hook ups. Conveniently located close to public schools, local parks, and 91 & 710 Freeways. Come and see this gem today! Vouchers for new stoves for each unit issued at the close of escrow.

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November, 2018
Nov 30, 2018

Date

Sold (Public Records)

Public Records

$575,000

Price
July, 2018
Jul 3, 2018

Date

Sold (Public Records)

Public Records

$417,000

Price

Tax History for 6127 Linden Ave

Assessed Value (2020): $586,500

Year	Land Value	Improved Value	Assessed Value
2020	$255,000	$331,500	$586,500

Home Value Compared to the Market

This property vs the competition

6127 Linden Ave sold on October 15, 2021 for 1.32% lower than the current median sold price for the city of Long Beach which is $760,000. The median sold price per/sqft for Long Beach is $633 and this home is sold at $473.48 per/sqft which puts the price per square foot 25.2% lower than the current median sale per square foot for the city of Long Beach.

About 6127 Linden Ave

Detailed summary of property

6127 Linden Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 3 bedrooms, 3 bathrooms, roughly 1,584 living square feet, and sits on an approximately 3,787 square foot lot. 6127 Linden Ave was first listed on ArdentRealEstateGroup.com on July 26, 2021. The homeowner sold the property for $750,000. Home in Long Beach are selling for a median price of $760,000 and a median price per square foot of $633. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 1.32% lower than the current median priced home. Local homes that are currently for sale include 2117 E 112th St, 2045 E 111Th St and 11111 Wilmington Ave. While the average home in Long Beach, CA is selling in 56 days, 6127 Linden Ave has a days on market of 38 days. There are currently 570 homes for sale in the Long Beach real estate market and 325 of them are single family homes while 233 of them are condos and 12 are townhomes. For more information on this home for sale at 6127 Linden Ave Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 6127 Linden Ave

Public county record property details

Beds: 3
Baths: 3
Year built: 1952
Sq. Ft.: 1,584
Lot Size: 3,787
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 2
APN: 7125-003-002

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$690,000

Median List Price/Sq.Ft.

$518

Median Sold Price

$680,000

Median Sold Price/Sq.Ft.

$605

Total Inventory

Median Sale to List Price %

100%

Avg Days on Market

Loan Type

Conventional (40%), FHA (28%), VA (4%), Cash (12%), Other (12%)

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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.