- 3 Beds
- 2 Baths
- .3 Acres
- 176 DOM
1850 Gardenia Avenue
**Price Improvement November 2025! ** Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 7.14% CAP Rate and a 9.50 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. On-site Parking. 28 Total Parking, 10 in front and 9 tandem in rear 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.
Essential Information
- MLS® #SB25119351
- Price$3,650,000
- Bedrooms3
- Bathrooms2.00
- Acres0.30
- Year Built1964
- TypeResidential Income
- Sub-TypeApartment
- StatusActive
Community Information
- Address1850 Gardenia Avenue
- Area699 - Not Defined
- CityLong Beach
- CountyLos Angeles
- Zip Code90806
Amenities
- Parking Spaces17
- ParkingAssigned
- GaragesAssigned
- PoolNone
Interior
- # of Stories2
Exterior
- Lot DescriptionZeroToOneUnitAcre
Additional Information
- Date ListedMay 27th, 2025
- Days on Market176
- ZoningLBR3S
Listing Details
- AgentCameron Samimi
Office
Lyon Stahl Investment Real Estate, Inc.
Price Change History for 1850 Gardenia Avenue, Long Beach, (MLS® #SB25119351)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $3,750,000 to $3,650,000 | ||
| Price Reduced from $3,799,000 to $3,750,000 | ||
| Price Reduced from $3,900,000 to $3,799,000 |
Cameron Samimi, Lyon Stahl Investment Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of November 21st, 2025 at 7:50am PST. 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. 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, 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.