For Sale
235 Linden
Long Beach, CA 90802
$3,500,000
Listed by Robert Stepp, Keller Williams Realty Downey, Listing Broker
Listing broker contact: 310-463-2916
Advertised by Kyle Shutts, Arbor Real Estate (Advertising Broker), DRE# 02060736
About This Property
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.
Property Details
Price History
| Date | Event | Price |
|---|---|---|
| Aug 6, 2026 | Listed for sale | $3,500,000 |
| Jun 4, 2014 | SoldListed by Robert Stepp, Keller Williams Pacific Estate | $2,720,000 |
| Mar 18, 2014 | Listed for sale | $2,700,000 |
| Jul 2, 2007 | SoldListed by Rick Borrelli, First Team Real Estate | $1,800,000 |
| Feb 17, 2007 | Listed for sale | $1,800,000 |
From this listing and earlier sales of the home recorded in CRMLS. Not a complete public-records history.
Location
Inquiries submitted through this site are answered by Kyle Shutts of Arbor Real Estate, the advertising broker, not the listing agent. Listing data provided by CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Square footage, lot size, and other details are approximate. This listing is subject to prior sale, change, or withdrawal without notice. Last updated .
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Meet Kyle
Kyle Shutts
Real Estate Professional
Whether you’re buying your first home, upgrading, or selling a high-value property, my goal is simple: to protect your interests, maximize your outcome, and make the experience as smooth and stress-free as possible.
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