UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID PW25037814
Construction Status Repairs Cosmetic
HOA Y/N No
Year Built 1923
Lot Size 5,466 Sqft
Property Sub-Type Triplex
Property Description
An exceptional income-generating triplex in the heart of Long Beach, offering strong cash flow with room for additional development. This Spanish-style property consists of a detached front house and a rear duplex, all with recently remodeled kitchens and solid rental income.
Property Breakdown:
1478 Linden Ave. (Front House – 1,238 sq. ft.)
3-bedroom, 1-bathroom
Private front yard & large backyard
Laundry hookups
1-car garage (included in lease)
Current rent: $2,365/month
1480 Linden Ave. (Downstairs Rear Unit -592 sq. ft)
1-bedroom, 1-bathroom + bonus office nook.
Private front yard
Private laundry room (attached to back of garage)
Current rent: $1,550/month
1482 Linden Ave. (Upstairs Rear Unit - 800 sq. ft)
2-bedroom, 1-bathroom + bonus office nook
No laundry hookups
Current rent: $1,835/month
Investment Highlights:
Total monthly rental income: $5,750
Actual 5.4% cap rate
Alley access with gated entry
Massive backyard with potential to build 2-3 ADUs between the two structures
This is an incredible opportunity for investors looking for immediate cash flow with upside potential. Priced to sell—don't miss your chance to add this value-packed triplex to your portfolio.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR2N
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplace No
Appliance Gas Range
Laundry Washer Hookup, Gas Dryer Hookup, Laundry Room
Exterior
Parking Features Driveway, Garage
Garage Spaces 1.0
Garage Description 1.0
Fence Wood
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
Roof Type Shingle
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Rectangular Lot
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Level or Stories Two
New Construction No
Construction Status Repairs Cosmetic
Others
Senior Community No
Tax ID 7269031005
Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, VA Loan
Listing Terms Cash, Cash to New Loan, Conventional, FHA, Fannie Mae, VA Loan
Special Listing Condition Standard
Nearby School & Business
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