15
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$1,600,000
Est. payment /mo
6,451 Sqft Lot
Active
1868 Gardenia AVE Long Beach, CA 90806
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Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26178105
HOA Y/N No
Year Built 1958
Lot Size 6,451 Sqft
Property Sub-Type Apartment
Property Description
An exceptional value-add opportunity in Long Beach, 1868 Gardenia Ave is a well-maintained 6-unit multifamily asset with no local rent control and subject only to statewide AB 1482 (5% + CPI). The property features an optimal unit mix of all 2-bedroom, 1-bathroom layouts, providing strong tenant demand and significant upside in rents. Recent improvements include new roof and fresh exterior paint. Rare for the area, the property includes 12 off-street parking spaces (two tandem spots per unit) maximizing tenant retention and rental rates. Positioned near key commuter routes, dining, and retail hubs, this property presents a compelling acquisition for investors seeking entry into one of Southern California's premier rental markets.
Location
State CA
County Los Angeles
Area 9 - Poly High
Interior
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned, Tandem, Uncovered
Pool None
Community Features Urban
Total Parking Spaces 12
Private Pool No
Building
Lot Description Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7216032004
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Lease Land No
Listed by Stephen Jeong Keller Williams Realty Irvine 714-309-2708, DRE #01967125
NEARBY SCHOOL & BUSINESS
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