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Listed by Stephen Jeong, DRE #01967125 • Keller Williams Realty Irvine
$ 1,600,000
Est. payment /mo
Active
1868 Gardenia AVE Long Beach, CA 90806
6,451 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26178105
Year Built 1958
Lot Size 6,451 Sqft
Source California Regional MLS
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
Laundry In Laundry Room, Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 12.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7216032004
Special Listing Condition Not Applicable
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