1208 Linden AVE, Long Beach, CA 90813 – OC24157792

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$1,400,000

Est. payment - /mo

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7,252 Sqft Lot

Active

1208 Linden AVE Long Beach, CA 90813

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Steve Gilbert

Coldwell Banker West

steveresocal@gmail.com +1(619) 743-8823

UPDATED:

12/05/2024 02:08 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID OC24157792

HOA Y/N No

Year Built 1909

Lot Size 7,252 Sqft

Property Description

Investor's Dream - Rare Income-Producing Property with Assumable FHA Loan at 2.75%! Welcome to 1208 Linden Ave, a remarkable property that offers immense cash flow potential and versatile living options. This unique opportunity features two large homes on a spacious 7,249 sq ft lot, located just blocks from St. Mary’s Medical Center, the beach, and the vibrant downtown Long Beach area with its shops, restaurants, and entertainment centers. The property is also near the significant Long Beach redevelopment, including the Port of Long Beach. The front house, recently remodeled in 2010 and expanded by an additional 1,000 sq ft, features an open floor plan with hardwood floors, tile, granite countertops, and new cabinets, along with updated electrical and copper plumbing and a large stand-up basement offering additional storage or living space. The rear house, built in 1960, offers 7 bedrooms and 2 bathrooms, making it ideal for rental income, Airbnb, recovery housing, elderly care, or other housing applications. With a beautifully landscaped front yard, a landscaped backyard providing a serene outdoor space, and a spacious driveway accommodating up to 4 vehicles, this high-income-producing property is perfect for investors looking to maximize their return. The front house offers the opportunity to live in comfort while generating substantial income from the rear home. The assumable FHA loan at a low 2.75% interest rate enhances the property's investment appeal. Whether you're looking to invest, live, and earn, or explore various housing applications, 1208 Linden Ave is a rare find with exceptional potential. Don’t miss out on this prime investment opportunity in a thriving Long Beach location. Contact us today to schedule a viewing and secure this incredible property!

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4N

Rooms

Other Rooms Two On A Lot

Interior

Interior Features All Bedrooms Down, Attic, Bedroom on Main Level, Main Level Primary

Heating Forced Air, Wall Furnace

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Dryer, Washer

Laundry Laundry Room

Exterior

Parking Features Driveway, RV Potential, On Street, Tandem, Uncovered

Pool None

Community Features Gutter(s), Sidewalks, Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Common Roof

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Lawn, Landscaped, Level

Story 2

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Additional Building Two On A Lot

New Construction No

Others

Senior Community No

Tax ID 7274001005

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan, VA No Loan, VA No No Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, FHA, Fannie Mae, Freddie Mac, Government Loan, Submit, VA Loan, VA No Loan, VA No No Loan

Special Listing Condition Standard

Listed by Lionel Franklin • Keller Williams Realty Irvine • 714-580-1047

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Steve Gilbert

Agent | License ID: 00813555

+1(619) 743-8823

1208 Linden AVE Long Beach, CA 90813

Steve Gilbert

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1208 Linden AVE