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$3,900,000
33 Days On Site
1850 Gardenia AvenueLong Beach, CA 90806
For Sale|Apartment|Active
0
Beds
0
Total Baths
12,700
SqFt
$307
/SqFt
1964
Built
County:
Los Angeles
Listed by Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. [email protected]
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Monthly Payment (Est.)
$17,793Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.
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.
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Listing Snapshot
Price
$3,900,000
Days On Site
33 Days
Bedrooms
N/A
Inside Area (SqFt)
12,700 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2958 Acres
Year Built
1964
MLS® Number
SB25119351
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| a month ago | Listing first seen on site | |
| a month ago | Listing updated with changes from the MLS® |
General Features
Acres
0.2958
Carport
17
Number Of Stories
2
Parking
Assigned
Parking Spaces
17
Property Sub Type
Apartment
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
12700
Water Source
Public
Zoning
LBR3S
Interior Features
Laundry Features
Common AreaInside
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Exterior Features
Pool Features
None
Community Features
Building Access
1
Financing Terms Available
CashConventional1031 Exchange
MLS Area
699 - Not Defined
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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