1850 Gardenia Avenue

Long Beach , CA 90806

MLS#: SB25119351

$3,900,000

Status: Active
Listing number: SB25119351
Listing provided by: Lyon Stahl Investment Real Estate, Inc.
Listing agent phone: None
Last update: a month ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1964

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Parking

    Assigned

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Size(acres)

    0.2958

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $3,900,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Cameron Samimi , Lyon Stahl Investment Real Estate, Inc.

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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.

1850 Gardenia Avenue

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