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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,600,000

Est. payment - /mo

6,451 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26178105

HOA Y/N No

Year Built 1958

Lot Size 6,451 Sqft

Property Sub-Type Apartment

Property Description

An exceptional value-add opportunity in Long Beach, 1868 Gardenia Ave is a well-maintained 6-unit multifamily asset with no local rent control and subject only to statewide AB 1482 (5% + CPI). The property features an optimal unit mix of all 2-bedroom, 1-bathroom layouts, providing strong tenant demand and significant upside in rents. Recent improvements include new roof and fresh exterior paint. Rare for the area, the property includes 12 off-street parking spaces (two tandem spots per unit) maximizing tenant retention and rental rates. Positioned near key commuter routes, dining, and retail hubs, this property presents a compelling acquisition for investors seeking entry into one of Southern California's premier rental markets.

Location

State CA

County Los Angeles

Area 9 - Poly High

Interior

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Parking Features Assigned, Tandem, Uncovered

Pool None

Community Features Urban

Total Parking Spaces 12

Private Pool No

Building

Lot Description Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7216032004

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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Listed by Stephen Jeong Keller Williams Realty Irvine 714-309-2708, DRE #01967125

NEARBY SCHOOL & BUSINESS

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1868 Gardenia AVE Long Beach, CA 90806