811 Gardenia Avenue, Long Beach, CA 90813

  • $2,395,000
  • $376
811 Gardenia Avenue, Long Beach, CA 90813
  • Residential Income
  • Property Type
  • 4.00
  • Garages
  • 1963
  • Year Built
For Sale
811 Gardenia Avenue, Long Beach, CA 90813
  • $2,395,000
  • $376

Overview

Property ID: SGR-20317463
  • Residential Income
  • Property Type
  • 4.00
  • Garages
  • 1963
  • Year Built

Description

811 Gardenia is a well-positioned 7-unit asset located in Long Beach, California. The property is priced at a 5.58% cap and 12.0 GRM on current rents.
Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3) 3BD/1BA and (2) 2BD/1BA units. Most of the units have been partially upgraded with new floors, countertops, fixtures and paint. The property has four (4) garages and a laundry room providing additional income. New ownership also has the opportunity to convert garages to ADUs for increased income.

  • Address 811 Gardenia Avenue
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90813
  • Area 4 - Downtown Area, Alamitos Beach
  • Country United States

Details

Updated on December 23, 2023 at 1:24 am
  • Property ID: SGR-20317463
  • Price: $2,395,000
  • Land Area: 6198.00 m²
  • Garages: 4.00
  • Year Built: 1963
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 6364.00
  • MLS#: PW23229475
  • Office Name: KELLER WILLIAMS - SANTA MONICA
  • Agent Name: Robert Stepp
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01456379
  • IDX Contact Info: 310-463-2916

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Commercial/Residential
  • Parking: 4.00
  • Water Source: Public

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