1850 Gardenia Avenue
Long Beach, CA, 90806
$3,900,000
Beds
0 Baths
SqFt
0.3 Acres
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Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 6.05% CAP Rate and a 10.58 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.

Property Details

Price:
$3,900,000
MLS #:
SB25119351
Status:
Active
Baths:
0
Address:
1850 Gardenia Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
Long Beach
Listed Date:
May 27, 2025
State:
CA
ZIP:
90806
Lot Size:
12,887 sqft / 0.30 acres (approx)
Year Built:
1964
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Urban
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Lot Features
0-1 Unit/ Acre
Parking Features
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Parking Spots
17.00
Pool Features
None
Sewer
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Stories Total
2
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1850 Gardenia Avenue
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