140 Linden Avenue 606, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath
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Long Beach, California 90802
This Historic Value-Add Landmark Condo is listed at $390,000, positioned above the $336,975 Fair Market Value due to the significant financial hedge provided by its Mills Act Contract, which grants owners substantial property tax savings. With a Condition Rating of 4, the unit is a "blank slate" restoration project featuring high ceilings and City Lights Views. Located in the Long Beach Unified district near Stevenson Elementary School, the building offers a panoramic rooftop deck and fitness center. This strategic acquisition is ideal for Value-Add Investors or Restoration Enthusiasts looking to capitalize on Art Deco character and long-term tax savings.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 140 Linden Avenue 606 Subject | $390,000* List Price | 1 | 1 | 522 | $646 | - |
A 140 Linden Avenue 455 Sold | $355,000 | 1 | 1 | 621 | $572 | 0.0 mi |
B 140 Linden 354 Sold | $380,000 | 1 | 1 | 628 | $605 | 0.0 mi |
C 140 Linden Avenue 634 Sold | $405,000 | 1 | 2 | 673 | $602 | 0.0 mi |
D 932 E 2nd Street 23 Sold | $320,000 | 1 | 1 | 560 | $571 | 0.3 mi |
E 315 W 3rd Street 506 Sold | $279,000 | 0 | 1 | 492 | $567 | 0.6 mi |
F 800 E Ocean Sold | $391,500 | 0 | 1 | 701 | $558 | 0.3 mi |
G 140 Linden Active | $475,000 List Price | 1 | 1 | 539 | $881 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1928, this historic unit is functional and clean but significantly outdated, with the listing itself describing it as a 'blank slate awaiting restoration.' While it features updated laminate flooring and a well-maintained Art Deco lobby, the kitchen and bathroom contain old-fashioned cabinetry, basic white appliances, and vintage tiling that show their age and require modernization to meet current standards.
The property is under a Mills Act contract, offering owners substantial property tax savings and a unique financial advantage in a historic landmark.
Located in the iconic Art Deco Lafayette building, the unit features high ceilings and access to premium amenities including a panoramic rooftop deck and fitness center.
Situated in the heart of Downtown Long Beach's coastal core, the property boasts a high walkability score with immediate access to dining, entertainment, and the beach.
The interior is a complete 'blank slate' awaiting restoration, requiring a significant additional investment of time and capital to become move-in ready.
At just 522 square feet, the compact living space may be restrictive for buyers seeking more room or ample storage options.
Why settle for a generic high-rise when you can own a landmark? This one-bedroom in the historic Lafayette is a rare "value-add" opportunity. The standout feature: a Mills Act contract that grants owners massive property tax savings, a significant hedge against inflation and a boost to your bottom line. While the interior is a blank slate awaiting restoration, the bones are irreplaceable. You get the security of controlled access, a fitness center,a game room, front desk concierge and a panoramic rooftop deck perfect for hosting events. Whether you're looking for a low-tax, a smart first purchase, or a creative renovation project, this is a strategic acquisition in a walkable coastal core. Ditch the inflated taxes and invest in Art Deco character. High ceilings, great light, and zero "cookie-cutter" energy.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 0.6 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 522 | 880 | 8% |
| Lot Size | 33,496 | 24,828 | 68% |
| Price | $390.0K | $489.0K | 28% |
| Price per sq ft | $747 | $583 | 87% |
| Built year | 1928 | 1973 | 18% |
| HOA | $315.0 | $468 | 22% |
| Days on market | 15 | 184 | 1% |
Apr 7, 2026
$390,000
Initial Listing