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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(s):
Residential Income
| Last Updated | 10/10/2024 | Tract | Alamitos Beach (AB) |
|---|---|---|---|
| Year Built | 1909 | Community | Downtown Area, Alamitos Beach |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Gas Cooktop, Washer |
| AREA | Downtown Area, Alamitos Beach |
| BASEMENT | Yes |
| GARAGE | Driveway, On Street, RV Potential, Tandem, Uncovered |
| HEAT | Forced Air, Wall Furnace |
| INTERIOR | All Bedrooms Down, Attic, Bedroom on Main Level, Main Level Primary |
| LOT | 7251 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Lawn, Level |
| PARKING | Driveway,RV Potential,On Street,Tandem,Uncovered |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Alamitos Beach (AB) |
| UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| WATER | Public |
| ZONING | LBR4N |
Location
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Listed with Keller Williams Realty Irvine
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