811 Gardenia is a well-positioned 7-unit asset located in Long Beach, California. The property is priced at a 5.58% cap and 12.0 GRM on current rents.
Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3) 3BD/1BA and (2) 2BD/1BA units. Most of the units have been partially upgraded with new floors, countertops, fixtures and paint. The property has four (4) garages and a laundry room providing additional income. New ownership also has the opportunity to convert garages to ADUs for increased income.
Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3) 3BD/1BA and (2) 2BD/1BA units. Most of the units have been partially upgraded with new floors, countertops, fixtures and paint. The property has four (4) garages and a laundry room providing additional income. New ownership also has the opportunity to convert garages to ADUs for increased income.
Property Details
Price:
$2,395,000
MLS #:
PW23229475
Status:
Active
Baths:
0
Address:
811 Gardenia Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Alamitos Beach AB
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Dec 22, 2023
State:
CA
ZIP:
90813
Lot Size:
6,198 sqft / 0.14 acres (approx)
Year Built:
1963
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Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
4.00
Lot Features
6-10 Units/ Acre
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address811 Gardenia Avenue Long Beach CA
- Area4 – Downtown Area, Alamitos Beach
- SubdivisionAlamitos Beach (AB)
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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Courtesy of Keller Williams – Santa Monica. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.811 Gardenia Avenue
Long Beach, CA
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