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54 La Linda Drive
About This Property
Perfect for investors, contractors, or buyers seeking a fixer-upper with upside potential, this diamond in the rough presents a rare chance to add value in an exclusive gated enclave. Whether you're looking for a renovation project, multigenerational living opportunity, or a custom home in Bixby Knolls, this property delivers location, privacy, and possibility.
Homes in La Linda Drive rarely come available, making this a truly special opportunity to own in one of the most desirable gated communities in Long Beach, CA. Close to top-rated schools, dining, shopping, parks, and freeway access, this property combines neighborhood charm with exceptional investment potential. Bring your vision and unlock the future of this extraordinary Long Beach home!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| May 11, 2026 | Listed by Team Fasnacht Realty | $1,100,000 | |
| Listed by Team Fasnacht Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017