1125 Linden Avenue, Long Beach, California 90813, Long Beach, 90813 - bed, bath

1125 Linden Avenue, Long Beach, California 90813 home-pic-0
ACTIVE$1,330,000
1125 Linden Avenue, Long Beach, California 90813
0Bed
0Bath
3,500Sqft
7,523Lot
Year Built
1905
Close
-
List price
$1.33M
Original List price
$1.33M
Price/Sqft
$380
HOA
-
Days on market
-
Sold On
-
MLS number
PW25134598
Home ConditionGood
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.33M(92th), sqft - 3500(92th), beds - undefined(50th), baths - undefined(50th).

A great income-producing Property consists of two separate buildings. A front single-family home that has 2 bedrooms and 2 baths with a good-sized living room and a kitchen. A duplex built in 2008 features two units: a 2-bedroom, 2-bath unit and a 3-bedroom, 3-bath unit, separated by a shared wall. All units come with a 2-car garage and sufficient additional parking spaces. All units have separate utility meters for water, gas, and electricity. An excellent income property located behind St. Mary's Hospital of Long Beach, less than 2 miles away from the Aquarium of the Pacific, a popular tourist attraction. This would be an excellent investment property for your buyer.

Price History

Date
Event
Price
09/22/16
Sold
$810,000
Condition Rating
Good

The property comprises a 1905 single-family home and a duplex built in 2008. The images primarily showcase the duplex units, which, at 16 years old, are within the 'Good' score's age range. The kitchens and bathrooms in these units are functional, clean, and appear well-maintained with minimal wear and tear. However, their style (light wood cabinets, white appliances, basic tile, and vanities) is dated to early 2000s construction and not considered modern. The interior condition of the 1905 SFH is not visible, but its exterior appears well-kept, and the property is marketed as income-producing, implying all units are rentable. While lacking modern aesthetic updates, the property is move-in ready with functional systems, aligning with a 'Good' condition score.
Pros & Cons

Pros

Strong Income Potential: This is a multi-unit property (triplex) explicitly described as 'income-producing' and an 'excellent investment property,' offering diversified rental income streams from three separate units.
Modern Duplex Construction: The majority of the property, the duplex, was built in 2008, suggesting newer construction, modern amenities, and potentially lower immediate maintenance needs compared to older properties.
Separate Utility Meters: All units have separate utility meters for water, gas, and electricity, which is a significant advantage for landlords in managing expenses and promoting tenant accountability.
Ample Parking: The property provides 2-car garages for all units plus sufficient additional parking spaces, a valuable and sought-after amenity in an urban location like Long Beach.
Strategic Location: Situated behind St. Mary's Hospital and less than 2 miles from the Aquarium of the Pacific, the location ensures strong rental demand from medical professionals, visitors, and tourists.

Cons

Age of Front SFH: The front single-family home was built in 1905, indicating potential for older systems, higher maintenance costs, and less modern appeal compared to the newer duplex units.
Shared Wall in Duplex: The duplex units are separated by a shared wall, which could lead to potential noise transfer issues or reduced privacy for tenants compared to fully detached units.
Management Complexity: Managing a property with units of vastly different ages (1905 SFH vs. 2008 duplex) and potentially different tenant profiles could introduce management complexities.

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