4411 Linden Avenue, Long Beach, CA 90807

Property Description

This 6 unit multifamily investment property at 4411 Linden Ave is located in the Bixby Knolls neighborhood of Long Beach, California, zip code 90807. Built in 1954, the building spans 3,956 square feet on a 9,018 square foot lot and offers a strong unit mix of four two bedroom, one bathroom units and two one bedroom, one bathroom units, 10 bedrooms and 6 bathrooms total. The property also includes a dedicated laundry room, 4 garage spots, and 2 additional parking pads, totaling 6 dedicated parking spaces. Recent capital improvements include six replaced water heaters and 32 windows changed out in 2018, giving investors a Long Beach rental property with major systems already addressed. Location is the driver here. 4411 Linden Ave sits within walking distance of the Atlantic Avenue corridor, the heart of Bixby Knolls, lined with restaurants, coffee shops, and boutique shopping. Tenants can walk to Trader Joe's, Pet Food Express, MOD Pizza, Jersey Mike's, Verizon, and Crunch Fitness, everyday retail and dining that make life easy without needing to drive. The property is also served by Los Cerritos Elementary and Hughes Middle School, two of the most sought after schools in the Long Beach Unified School District. For tenants, that combination of walkable grocery, dining, fitness, and strong schools makes this a high value area to live, which translates to steady demand and long term occupancy for the owner. 4411 Linden Ave is the largest of three Bixby Knolls apartment buildings offered by the same owners, alongside 4407 Linden Ave and 4322 Elm Ave, all clustered within close distance of one another. Acquire this six unit asset on its own or combine all three into a single Long Beach multifamily portfolio. Drive by only, please do not disturb tenants.