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!
Property Type
ResidentialSubdivision
FallbrookCounty
Los AngelesStyle
ResidentialAD ID
46584202
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 11
Bathroom Information
- Total Baths: 4
- Full Baths: 4
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Common Roof
- Interior Features: All Bedrooms Down,Attic,Bedroom on Main Level,Main Level Primary
- Property Appliances: Gas Cooktop,Dryer,Washer
- Fireplace: None
- Flooring: Laminate,Tile
Cooling Features
- None
- Air Conditioning
Heating Source
- Forced Air,Wall Furnace
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1909
- Roof: Common Roof
- Has Basement
Pool Features
- None
Laundry Features
- Laundry Room
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1665
- Lot Size Source: Assessor
- Lot Size Square Feet: 7251
-
Listing Information
Listing Price Information
- Original List Price: 1,400,000
- Listing Contract Date: 2024-08-07
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 7274001005
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Driveway,RV Potential,On Street,Tandem,Uncovered
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 4 - Downtown Area, Alamitos Beach
- Postal Code Plus 4: 3353
- Directions: 7th st to Atlantic Ave to 11th st to Linden Ave
- Zoning: LBR4N
- Source Property Type: Residential
- Area: 4 - Downtown Area, Alamitos Beach
- Property SubType: Duplex
Building and Construction
- Property Age: 115
- Common Walls: No Common Walls
- Structure Type: Duplex
- Year Built Source: Assessor
- Total Square Feet Living: 4200
- Entry Level: 1
- Entry Location: Front Door
- Levels or Stories: One
- Building Total Stories: 1
- Structure Type: Duplex
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BuyOwner last updated this listing 12/18/2024 @ 06:20
- MLS: OC24163358
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 11 bedrooms which is for sale, it has 4,200 sqft, 7,251 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90813, this Los Angeles County Home , it is in the FALLBROOK Subdivision, are nearby neighborhoods.