- 3 Beds
- 2 Baths
- .3 Acres
- 36 DOM
1850 Gardenia Avenue
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.
Essential Information
- MLS® #SB25119351
- Price$3,900,000
- Bedrooms3
- Bathrooms2.00
- Acres0.30
- TypeResidential Income
- Sub-TypeRes Income 2-4 Units
- StatusActive
Community Information
- Address1850 Gardenia Avenue
- AreaLONG BEACH (90806)
- CityLong Beach
- CountyLos Angeles
- StateCA
- Zip Code90806
Amenities
- PoolN/K
Interior
- FireplaceYes
Additional Information
- Date ListedMay 27th, 2025
- Days on Market36
- ZoningAssessor
Listing Details
Office
Lyon Stahl Investment Real Estate, Inc.
Lyon Stahl Investment Real Estate, Inc..
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Listing information last updated on July 19th, 2025 at 11:47am PDT.