Investment Overview

Marcus & Millichap is pleased to present to market the exciting opportunity to acquire the completely renovated, seven-unit turnkey apartment building located at 2461 Linden Avenue in Long Beach, California. This stunning building features all two-bedroom / one-bath units that have been remodeled with new flooring, new countertops, new cabinetry, new fixtures, new appliances, and new vinyl windows. Furthermore, the building boasts a newer roof, copper plumbing, shared on-site laundry, as well as a single-car garage and eight additional parking spaces. The property is advantageously located three blocks east of the Metro Blue Line and conveniently near retailers, including Starbucks, Albertsons, Jamba Juice, Wells Fargo, and many more, at the nearby intersection of Willow Street and Long Beach Boulevard. The property also offers easy access to the 405 and 710 freeways, which are both within a five-minute drive. Offered at a competitive 5.27 percent cap rate on current rents, 2461 Linden Avenue is an excellent opportunity for an investor looking for a turnkey acquisition with strong in-place cash flow.