338 Linden Avenue, Long Beach, California 90802, Long Beach, 90802 - 0 bed, 0 bath
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Long Beach, California 90802
Analysis of 338 Linden Avenue, Long Beach, California 90802 is currently available with a list price of $4,750,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property is a well-maintained 1961 apartment building that has undergone significant recent capital improvements, including three brand-new ADU additions and nine recently remodeled units. Interior photos reveal high-quality updates such as modern kitchens with white shaker cabinets, quartz countertops, stainless steel appliances, and recessed lighting, alongside new luxury vinyl plank flooring. While the exterior and some units retain their mid-century character, the extensive renovations and complete copper re-pipe ensure the asset is move-in ready with minimal deferred maintenance.
Boasting a WalkScore of 98, the property is perfectly situated in the vibrant East Village Arts District, offering tenants immediate access to the Metro Blue Line, dining, and Alamitos Beach.
The asset features three brand-new ADU additions, nine recently remodeled units, and a complete copper plumbing re-pipe, significantly reducing immediate CapEx requirements for a new owner.
With a total of 20 units in a high-demand coastal market, the diverse unit mix and recent renovations allow for premium rental rates and a stabilized, robust cash flow.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 9098, other record living area = 7957.
Originally constructed in 1961, the property may still face long-term maintenance challenges inherent to older structures despite recent cosmetic and plumbing upgrades.
The reliance on shared laundry facilities and the lack of mentioned private parking—a premium in Downtown Long Beach—may impact long-term tenant retention and competitive positioning.
This offering presents an excellent opportunity to acquire a renovated asset with three brand new ADU’s in a strong coastal market. 338 Linden Avenue is a two-story building with a mix of one studio, 15 one-bed/one-bath units, one two-bed/two-bath unit, controlled access, and shared laundry. The building boasts numerous substantial improvements: three of the one-bedrooms are recently completed ADU additions, nine of the units have been recently remodeled, and a complete re-pipe to copper plumbing. 338 Linden Avenue is located in Downtown Long Beach’s vibrant East Village Arts District within easy walking distance of dining, shopping, and entertainment (WalkScore: 98), two blocks to the Metro Blue Line, and a half-mile to Alamitos Beach.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 9,098 | 7,059 | 50% |
| Lot Size | 7,514 | 6,939 | 50% |
| Price | $4.75M | $2.18M | 75% |
| Price per sq ft | $522 | $411 | 50% |
| Built year | 1961 | 1923 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 123 | 25% |
Mar 23, 2026
$4,750,000
Initial Listing
Oct 18, 2021
$3,499,000
Public Record