About 1850 Gardenia Avenue
Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 6.21% CAP Rate and a 10.36 GRM! This two-story asset features a favorable unit mix of (4) one-bedroom/one-bath units and (13) two-bedroom/one-bath units, catering to strong rental demand in the area. Located in a quiet residential neighborhood near Signal Hill, the property offers tenants easy access to schools, parks, shopping centers, and major freeways (405, 710, and 605). With upside in rents and continued demand for quality multifamily housing in Long Beach, this property presents an excellent opportunity for investors seeking long-term growth and cash flow.
Features of 1850 Gardenia Avenue
| MLS® # | SB25119351 |
|---|---|
| Price | $3,799,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Acres | 0.30 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Active |
Community Information
| Address | 1850 Gardenia Avenue |
|---|---|
| Area | LONG BEACH (90806) |
| City | Long Beach |
| County | Los Angeles |
| State | CA |
| Zip Code | 90806 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Fireplace | Yes |
|---|
Additional Information
| Date Listed | May 27th, 2025 |
|---|---|
| Days on Market | 127 |
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Lyon Stahl Investment Real Estate, Inc. |
|---|