1850 Gardenia Avenue

Long Beach, CA 90806

  • 0 Bed(s)
  • 0 Bath(s)
  • 12,700 Sqft
  • 12887
    Sqft(Lot)
$3,900,000

Description

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 Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49994976

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1964
    • Building Area Total: 12,700

    Pool Features

    • None

    Laundry Features

    • Common Area,Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2958
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 12887

  • Listing Price Information

    • Original List Price: 3,900,000
    • Listing Contract Date: 2025-05-27

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7216032020

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 699 - Not Defined
    • Directions: Off of E PCH and Cherry Ave
    • Zoning: LBR3S
    • Source Property Type: Residential Income
    • Area: 699 - Not Defined
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 61
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 06/13/2025 @ 11:42

  • MLS: SB25119351
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 12,700 sqft, 12,887 sized lot, and 0 parking. are nearby neighborhoods.