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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!

Features
: Forced air, Wall Furnace
2
1
: Individual Room, Dryer Included, Washer Included
0
: Sidewalks, Gutters, Urban
Additional Information
Keller Williams Realty Irvine
0
SFRANLIO
H04106
Lionel
7274001005
: Standard
One
38
: Two On A Lot

Multi-Family For Sale

1208 Linden Avenue, Long Beach, California 90813

4,200 Sqft
$1,400,000
Listing ID #OC24157792
Basic Details
Status : Active
DaysOnMarket : 20
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : OC24157792
Price : $1,400,000
Living Area : 4,200 Sqft
Lot Size : 7,251 Sqft
Year Built : 1909
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90813
Price Per Square Foot : $333
Subdivision : Alamitos Beach (AB)
ModificationTimestamp : 2024-10-10 15:15:00
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