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Prime East Village Arts District 235 Linden Ave Immeuble residentiel 18 lots 3 013 710 € (167 428 €/Lot) Taux de capitalisation 6 % Long Beach, CA 90802
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- All Units Renovated
- Opportunity to Increase Cash Flow with RUBS Implementation
- 7.17% Cap Rate / 8.76 GRM at Market
- Approximately $275K in CapEx
- Prime East Village Arts District Commands Rental Premiums
Résumé analytique
235–237 Linden Avenue is an 18-unit multifamily asset located in Long Beach's East Village Arts District, a walkable, supply-constrained Downtown submarket supported by strong renter demand and proximity to employment, transit, and lifestyle amenities. The property features nine (9) studios and nine (9) one-bedroom/ one-bath units, an efficient unit mix aligned with market demand, as evidenced by 100% occupancy.*
Originally constructed in 1913, the building retains its historic exterior while offering fully renovated interiors throughout. Ownership has invested approximately $275,000 in capital improvements, including roof upgrades, renovated units, keyless entry, and exterior improvements. As a result, the property offers a stabilized, low-maintenance investment with minimal near-term capital needs.
The property boasts a 98 Walk Score and 91 Bike Score, placing residents within walking distance of Downtown Long Beach's restaurants, retail, and entertainment. The East Village Arts District continues to benefit from stable occupancy and rental demand driven by its vibrant local business community and convenient access to the broader Downtown employment base.
235–237 Linden Avenue offers a clear path to value creation, currently priced at a 6.00% cap rate and 9.85 GRM with meaningful room to grow. Through the implementation of RUBS and the achievement of market rents, an investor can push the property to a 7.17% cap rate and 8.76 GRM—a 117-basis-point expansion in yield and more than a full point of GRM compression. This equates to $40,908 of additional annual NOI, a nearly 20% increase in cash flow with no change in basis.
Originally constructed in 1913, the building retains its historic exterior while offering fully renovated interiors throughout. Ownership has invested approximately $275,000 in capital improvements, including roof upgrades, renovated units, keyless entry, and exterior improvements. As a result, the property offers a stabilized, low-maintenance investment with minimal near-term capital needs.
The property boasts a 98 Walk Score and 91 Bike Score, placing residents within walking distance of Downtown Long Beach's restaurants, retail, and entertainment. The East Village Arts District continues to benefit from stable occupancy and rental demand driven by its vibrant local business community and convenient access to the broader Downtown employment base.
235–237 Linden Avenue offers a clear path to value creation, currently priced at a 6.00% cap rate and 9.85 GRM with meaningful room to grow. Through the implementation of RUBS and the achievement of market rents, an investor can push the property to a 7.17% cap rate and 8.76 GRM—a 117-basis-point expansion in yield and more than a full point of GRM compression. This equates to $40,908 of additional annual NOI, a nearly 20% increase in cash flow with no change in basis.
Informations sur l’immeuble
| Prix | 3 013 710 € | Classe d’immeuble | C |
| Prix par lot | 167 428 € | Surface du lot | 0,07 ha |
| Type de vente | Investissement | Surface de l’immeuble | 839 m² |
| Taux de capitalisation | 6 % | Occupation moyenne | 100% |
| Multiplicateur du loyer brut | 9.85 | Nb d’étages | 2 |
| Nb de lots | 18 | Année de construction | 1913 |
| Type de bien | Immeuble residentiel | Ratio de stationnement | 0,04/1 000 m² |
| Sous-type de bien | Appartement | Zone de développement économique [USA] |
Oui
|
| Style d’appartement | De faible hauteur | ||
| Zonage | PD30, Long Beach | ||
| Prix | 3 013 710 € |
| Prix par lot | 167 428 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6 % |
| Multiplicateur du loyer brut | 9.85 |
| Nb de lots | 18 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,07 ha |
| Surface de l’immeuble | 839 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 2 |
| Année de construction | 1913 |
| Ratio de stationnement | 0,04/1 000 m² |
| Zone de développement économique [USA] |
Oui |
| Zonage | PD30, Long Beach |
Caractéristiques
Caractéristiques du lot
- Cuisine
- Réfrigérateur
- Cuisinière
- Baignoire/Douche
- Congélateur
Caractéristiques du site
- Accès 24 h/24
- Accès contrôlé
- Laverie
- Détecteur de fumée
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| Studios | 9 | - | 40 |
| 1+1 | 9 | - | 47 - 56 |
1 1
Exceptionnellement praticable à pied
90/100
Moyennement adapté aux voitures
70/100
Transports en commun robustes
80/100
Moyennement praticable en vélo
70/100
Taxes foncières
| Numéro de parcelle | 7281-016-008 | Évaluation des aménagements | 1 234 469 € |
| Évaluation du terrain | 2 253 398 € | Évaluation totale | 3 487 867 € |
Taxes foncières
Numéro de parcelle
7281-016-008
Évaluation du terrain
2 253 398 €
Évaluation des aménagements
1 234 469 €
Évaluation totale
3 487 867 €
1 sur 9
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Prime East Village Arts District | 235 Linden Ave
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