811 Gardenia Avenue

Long Beach, CA 90813

$2,395,000

List Price

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1963

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Property 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.

Listing Information

List Price $2,395,000
Status Active
MLS PW23229475
Type Residential Income
Subtype Mixed Use
Year Built 1963
Lot Size 6,198
Structure Size N/A
DOM 252
Courtesy Of Keller Williams - Santa Monica
Listing Agent Robert Stepp DRE#01456379

Interior Features

Laundry Information
Location(s) Laundry Room
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Exterior Information

Maps

Listing information courtesy of: Robert Stepp, Keller Williams - Santa Monica . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 30th, 2024 at 4:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.