CA > Long Beach
Long Beach, CA 90806,1850 Gardenia Avenue
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Long Beach, CA 90806,1850 Gardenia Avenue
Long Beach, CA 90806,1850 Gardenia Avenue
Long Beach, CA 90806,1850 Gardenia Avenue
Long Beach, CA 90806,1850 Gardenia Avenue
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 3,650,000
Est. payment /mo
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Price Dropped by $100K

1850 Gardenia Avenue Long Beach, CA 90806

3 Beds

0.3 Acres Lot

UPDATED:

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

Lot Size 0.296 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

**Price Improvement November 2025! ** Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 7.14% CAP Rate and a 9.50 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. On-site Parking. 28 Total Parking, 10 in front and 9 tandem in rear 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

Senior Community No

Tax ID 7216032020

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

MLS Router / San Diego MLS
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.
Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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1850 Gardenia Avenue

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