About this home

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. 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.

Facts and features

Schools

• Stevenson Elementary School

  elementary · K-5 · 0.3 mi

  5

• Franklin Classical Middle School

  middle · 6-8 · 0.6 mi

  4

• Polytechnic High School

  high · 9-12 · 1.2 mi

  7

• St. Anthony Elementary School

  elementary · K-8 · 0.4 mi

• Saint Anthony High School

  high · 9-12 · 0.4 mi

• International Elementary School

  elementary · K-5 · 0.4 mi

  5

Price history

• Aug 6, 2026 · Listed$3,500,000
• Jun 5, 2019 · Sold$3,560,000
• Jun 10, 2014 · Listing Removed$2,700,000
• Mar 18, 2014 · Listed$2,700,000
• Mar 15, 2014 · Listing Removed$1,095
• Jan 19, 2014 · Listing Removed$1,295
• Dec 11, 2013 · Listed For Rent$1,095
• Dec 11, 2013 · Listed For Rent$1,295

Tax history

• 2025$55,019 tax · $4,050,667 assessed
• 2024$52,626 tax · $3,971,243 assessed
• 2023$51,683 tax · $3,817,037 assessed
• 2022$48,528 tax · $3,742,194 assessed
• 2021$47,325 tax · $3,668,818 assessed
• 2020$47,181 tax · $3,631,200 assessed
• 2019$39,699 tax · $2,989,052 assessed
• 2018$38,726 tax · $2,930,444 assessed

Home value

$4,262,446

• Quantarium$4,262,446

Where it is