4437 Linden Ave, Long Beach, CA
Sales Price: $1,400,000
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.