UPDATED:
10/11/2024 11:37 AM
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $333
MLS Listing ID OC24163358
Style Townhome
Bedrooms 11
Full Baths 4
HOA Y/N No
Year Built 1909
Lot Size 7,251 Sqft
Acres 0.1665
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. Marys 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. Dont 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!
Location
State CA
County Los Angeles
Area Long Beach (90813)
Zoning LBR4N
Interior
Flooring Laminate, Tile
Equipment Dryer, Washer, Gas Stove
Appliance Dryer, Washer, Gas Stove
Laundry Laundry Room
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Neighborhood
Roof Type Common Roof
Total Parking Spaces 4
Building
Lot Description Sidewalks, Landscaped
Story 2
Lot Size Range 4000-7499 SF
Sewer Public Sewer
Water Public
Level or Stories 1 Story
Others
Monthly Total Fees $50
Miscellaneous Gutters,Urban
Acceptable Financing Cash, Conventional, FHA, VA, Cash To Existing Loan, Cash To New Loan, Submit
Listing Terms Cash, Conventional, FHA, VA, Cash To Existing Loan, Cash To New Loan, Submit
Special Listing Condition Standard
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Nicole Hazelton
Broker Associate | License ID: 01819363
Broker Associate License ID: 01819363
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