1850 Gardenia Avenue, Long Beach, CA 90806
  • MLS#: SB25119351 ( Apartment )
  • Street Address: 1850 Gardenia Avenue
  • Viewed: 3
  • Price: $3,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 52
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90806
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Cameron Cameron
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Building Area Total
  1. 12700.00
Carport Spaces
  1. 17.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Community
  2. Inside
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 234267.00
Number Of Separate Electric Meters
  1. 18
Number Of Separate Gas Meters
  1. 17
Parcel Number
  1. 7216032020
Parking Features
  1. Assigned
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 439661724:CRM
Totalexpenses
  1. 114216.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor
Zoning
  1. LBR3S