3 months on rocket

525 Linden Ave, Long Beach, CA, 90802

$2,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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525 Linden Ave, Long Beach$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage4 spaces
Year Built1973
MLS #PW24201233
Lot Size0.17 Acres
StatusActive

About 525 Linden Ave

We are pleased to present a 10 unit apartment building located at 525 Linden Avenue in Long Beach, California. This is a value-add opportunity in a great location of East Village in Long Beach. The subject property is close to 4th Street Retro Row, Downtown Long Beach and 2nd Street in Belmont Shore where there are restaurants, shops, bars, grocery stores and entertainment venues. The subject property consists 6,868 rentable square feet spread throughout a 7,536 square foot lot. It was built in 1973 and consists of 8 one bedroom / one bathroom units and 2 two bedroom / two bathroom units. The subject property is also separately metered for gas and electricity which helps keep expenses to a minimum. There are a total of 8 garages which are able to generate income as well. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean breeze and walking distance to shops, restaurants, cafes, entertainment centers and grocery stores.

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Stories: 2

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Email: kking@marcusmillichap.com
  • Listing Agent: Kevin King

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 4 spaces

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Other

Directions Information:

  • Directions: 5TH & Elm Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000

Tax Information:

  • Annual Amount: $21,269
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$825.1K

Med. Price/SqFt

$633

Avg. Days On Market

35

# of Sold Homes

162

525 Linden Ave vs Long Beach

90 DAYS ON ROCKET

+55 Days

$2,500,000

+$1.6M More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24201233

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Email: kking@marcusmillichap.com
  • Listing Agent: Kevin King

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/27/2024, 7:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 28, 2005Home Sold
$1,300,000
Nov 27, 2002Home Sold
$775,000
Jun 30, 2000Home Sold
$417,000

Tax History

YEARPROP. TAXASSESSMENT
2021$21,269$1,642,056
2020$20,964$1,624,428
2019$20,385$1,592,577
2018$16,871$1,561,351
2017$16,871$1,260,000

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1746976
5
/10

  • Robert Louis Stevenson Elementary School

  • 515 Lime Ave

  • 0.16 miles

  • Public District Grades KG-5

school-card-donut-1746977
5
/10

  • Oropeza Elementary School

  • 700 Locust Ave

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-1746978
6
/10

  • Lincoln Elementary School

  • 1175 E 11th St

  • 0.75 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,908. The majority of Long Beach, CA residents have income less than $35k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 525 Linden Ave

What is the listing price of this property?

The listing price of 525 Linden Ave property is $2,500,000.

What type of property is this?

The property 525 Linden Ave is a condo located in Long Beach, California, 90802.

Is this property for sale now?

Active Listing: 525 Linden Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $21,269 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 28, 2005 for $1,300,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 525 Linden Ave is 1973.

Rocket Homes›California›Los Angeles County›Long Beach›90802›525 Linden Ave

This home is located at 525 Linden Ave in Long Beach, CA and zip code 90802 in the The Harbor neighborhood. This home, which was built in 1973, sits on a 0.17 acre lot. It has been listed on Rocket Homes since September 28, 2024 and is currently priced at $2,500,000.

Long Beach, CA housing market in November 2024 saw over 66 listings sold above listed price, more than 32 sold at listed price and over 64 sold below. The number of listings in Long Beach, CA decreased by 10.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $825,128, while the average time on the real estate market was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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