1040 Gardenia
Long Beach, CA, 90813
$950,000
Beds
0 Baths
SqFt
0.15 Acres
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Step into a lucrative investment opportunity with this well-located and versatile quadruplex, offering four spacious one-bedroom units with the potential for easy conversion into two-bedroom or ADU possibilities. 2 out of 4 of the units have washer &#38' dryer hookups. Spanning approximately 3,568 square feet of living space on a generous 6,531 square foot lot, this property seamlessly blends 1920s character with modern upgrades, making it an ideal choice for savvy investors or owner-occupants. Built in 1925, the property is zoned LBR2N and boasts recent enhancements to maximize tenant satisfaction and long-term value. The property has street to alley access points with detached garages for tenant storage space. Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased cash flow. Whether you’re expanding your portfolio or seeking a high-potential investment in a robust rental market, 1040 Gardenia Ave delivers a perfect balance of charm, functionality, and financial opportunity. Don&#39't miss out on this chance to capitalize on Long Beach’s thriving multi-family investment market!

Property Details

Price:
$950,000
MLS #:
SB24246968
Status:
Active
Baths:
0
Address:
1040 Gardenia
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Nov 26, 2024
State:
CA
ZIP:
90813
Lot Size:
6,531 sqft / 0.15 acres (approx)
Year Built:
1925
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Community Features
Sidewalks, Urban
Garage Spaces
4.00
Lot Features
Rectangular Lot
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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0.00

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1040 Gardenia
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