627 Linden Avenue, Long Beach, CA 90802

• 8,543 sqft

Property Description

The subject property is a 22-unit apartment building located in the trendy “East Village” neighborhood of Long Beach. This charming two story 1940's complex is on a quiet street, just 6 blocks from the Ocean Avenue, and a 10-minute bike ride to Alamitos Beach! Walk Score: 97/100 (Walker's Paradise) 97 / 100. Walker's Paradise. Transit Score® 74 / 100. Excellent Transit. 89 / 100. Very Bikeable. The unit mix is predominantly Studio apartments (20) with a One Bedroom Unit and a Two Bedroom 1 Bath unit. All units are separately metered for gas and electric utilities. There is a secured entrance with laundry room onsite, and ample street parking. Priced attractively at a GRM of 9.84 and with the rent increases of 8% (AB 1482) that are due this year, the GRM drops to 9.12 and a CAP rate of 6.27% at the listed price. After that rent increase, the rents still have another 20% upside based on the average and median rent rates on the rent survey.

Listing Status:

Pending

Date Added:

January 15, 2026

Data Last Updated:

February 8, 2026 at 5:08AM

Listing Office:

Surterre Properties Inc : 949-717-7100

Listing Agent:

Dan Carpenter : 949-205-6575

MLS ID:

CROC26010608

Interior

• Laundry: Laundry RoomOther

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: 7273028008

Financial

• Source: CRMLS