| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 63rd | Good |
| Amenities | 93rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3405 Linden Ave, Long Beach, CA, 90807, US |
| Region / Metro | Long Beach |
| Year of Construction | 1986 |
| Units | 20 |
| Transaction Date | 2000-02-25 |
| Transaction Price | $1,250,000 |
| Buyer | RED CURB INVESTMENTS LLC |
| Seller | TUNG STEVEN S |
3405 Linden Ave Long Beach Multifamily Investment
This 20-unit property benefits from stable neighborhood occupancy at 95.1% and strong renter demand in an urban core location. Commercial real estate analysis from WDSuite indicates the area maintains above-average amenity access with 91st percentile grocery and childcare density.
The property sits in a Long Beach urban core neighborhood that ranks in the top quartile among 1,441 metro neighborhoods for overall investment fundamentals, with an A rating. The area demonstrates solid occupancy stability at 95.1%, positioning above the 72nd percentile nationally. With 54.3% of housing units occupied by renters, the neighborhood maintains strong rental demand dynamics that support multifamily investments.
Built in 1986, this property aligns with the neighborhood's 1972 average construction year, suggesting potential value-add opportunities through strategic renovations and unit improvements. The area's amenity density ranks exceptionally well, reaching the 93rd percentile nationally with strong access to grocery stores, childcare facilities, and parks that enhance tenant retention prospects.
Demographics within a 3-mile radius show a stable renter base of over 223,000 residents, with 60.2% of housing units renter-occupied. Median household income of $75,189 supports current rent levels, while forecasted income growth to $116,877 by 2028 indicates strengthening tenant purchasing power. The area's rent-to-income ratio suggests affordability pressures that require careful lease management but also reinforce rental demand as ownership costs remain elevated.
The neighborhood benefits from diverse age demographics, with 26.7% of residents aged 18-34 and 38.2% in the prime 35-64 age range, providing a solid foundation for rental demand. Projected household growth of 32.7% by 2028 supports expanding renter pool dynamics, though investors should monitor absorption rates as new supply enters the market.
Safety metrics present mixed signals that warrant careful consideration in investment planning. The neighborhood ranks in the lower quartile among 1,441 metro neighborhoods for overall crime, with property offense rates at the 26th percentile nationally and violent crime at the 16th percentile. Recent trends show property offenses increased 17% year-over-year, while violent offenses rose 72.3%.
These safety dynamics may influence tenant retention strategies and property management approaches. Investors should factor potential security enhancements into capital planning and consider how local crime trends might affect lease renewal rates and tenant demographics over time.
The area benefits from proximity to established corporate employers that support workforce housing demand, with healthcare, industrial, and technology companies providing employment stability within commuting distance.
- Air Products & Chemicals — industrial chemicals (2.6 miles)
- Molina Healthcare — healthcare services (3.7 miles) — HQ
- Airgas — industrial gases (4.5 miles)
- Time Warner Business Class — telecommunications (8.0 miles)
- Raytheon Public Safety RTC — defense & aerospace (8.5 miles)
This 20-unit Long Beach property offers stable cash flow fundamentals supported by neighborhood occupancy of 95.1% and strong renter demand in an urban core location. The 1986 construction year presents value-add opportunities through strategic unit improvements and building enhancements. CRE market data from WDSuite indicates the area maintains exceptional amenity access, ranking in the 93rd percentile nationally, which supports tenant retention and competitive positioning.
Demographics within a 3-mile radius show projected household growth of 32.7% by 2028, expanding the potential renter pool, while income growth forecasts suggest strengthening tenant purchasing power. The area's 60.2% renter occupancy rate reinforces rental demand dynamics, though elevated rent-to-income ratios require careful lease management strategies.
- Stable occupancy fundamentals with neighborhood rate of 95.1%
- Value-add potential through 1986 vintage property improvements
- Strong amenity access supports tenant retention prospects
- Projected household growth of 32.7% expands renter pool by 2028
- Safety metrics require monitoring and may impact tenant demographics