16
See all 16 photos
$3,900,000
Est. payment /mo
3 Beds
2 Baths
Active
1850 Gardenia Avenue Long Beach, CA 90806
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25119351
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Direction Off of E PCH and Cherry Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7216032020
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.