627 Linden Avenue, Long Beach, CA 90802
Property
Sold March 2026
Listing Agent: Dan Carpenter (DRE #01787203) · Listing Office: Surterre Properties Inc · Contact: 949-205-6575 · Bought with: Stephen Lampe · Re/Max Commercial & Investment · MLS #OC26010608 · Source: CRMLS
About this property
The subject property is a 22-unit apartment building located in the trendy “East Village” neighborhood of Long Beach. This charming two story 1940’s complex is on a quiet street, just 6 blocks from the Ocean Avenue, and a 10-minute bike ride to Alamitos Beach! Walk Score: 97/100 (Walker's Paradise) 97 / 100. Walker's Paradise. Transit Score® 74 / 100. Excellent Transit. 89 / 100. Very Bikeable. The unit mix is predominantly Studio apartments (20) with a One Bedroom Unit and a Two Bedroom 1 Bath unit. All units are separately metered for gas and electric utilities. There is a secured entrance with laundry room onsite, and ample street parking. Priced attractively at a GRM of 9.84 and with the rent increases of 8% (AB 1482) that are due this year, the GRM drops to 9.12 and a CAP rate of 6.27% at the listed price. After that rent increase, the rents still have another 20% upside based on the average and median rent rates on the rent survey.
Listing description from the March 2026 sale, as reported to CRMLS.
Sale history