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4437 Linden Ave, Long Beach, CA

Sales Price: $1,400,000

Units: 5

Price Per Unit: $280,000

Price Per SF: $339

Cap Rate: 5.01%

Listing Agents: Mitchel Cannata & Steve Bogoyevac

JUST CLOSED: 5 UNITS IN LONG BEACH

October 30, 2020

The Bogie Group has successfully brokered the sale of 4437 Linden Avenue, a partially renovated five-unit apartment property located in the desirable Bixby Knolls neighborhood of Long Beach, CA. After generating multiple offers, the asset sold at a 5.24 percent cap rate for $1,400,000.


4437 Linden Avenue consists of a 1948 construction fourplex with all two-bedroom units and a one-bedroom house with a den. The property also features income-generating on-site laundry, a two-car garage, and a single-car garage. Three of the units have been renovated, with upgrades that include quartz countertops, new tile, new bathrooms, refinished hardwood floors, and more.