CA > Long Beach
Long Beach, CA 90806,1850 Gardenia AVE
Long Beach, CA 90806,1850 Gardenia AVE
Long Beach, CA 90806,1850 Gardenia AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,900,000
Est. payment /mo
0.3 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25119351

HOA Y/N No

Year Built 1964

Lot Size 0.296 Acres

Property Sub-Type Apartment

Property 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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBR3S

Interior

Fireplace No

Laundry Common Area, Inside

Exterior

Parking Features Assigned

Carport Spaces 17

Pool None

Community Features Urban

Total Parking Spaces 17

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7216032020

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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CRMLS – RECore
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.

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