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Residential Income — 1868 Gardenia Avenue, Long Beach, CA

$1,600,000

1868 Gardenia Avenue, Long Beach, CA

1868 Gardenia Avenue, Long Beach, CA 90806 — Multi-Family Home for Sale — $1,600,000 — photo 1 1868 Gardenia Avenue, Long Beach, CA 90806 — Multi-Family Home for Sale — $1,600,000 — photo 2 1868 Gardenia Avenue, Long Beach, CA 90806 — Multi-Family Home for Sale — $1,600,000 — photo 3 1868 Gardenia Avenue, Long Beach, CA 90806 — Multi-Family Home for Sale — $1,600,000 — photo 4 1868 Gardenia Avenue, Long Beach, CA 90806 — Multi-Family Home for Sale — $1,600,000 — photo 5
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About this property

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.

Property details

Year built
1958
Property type
Residential Income

Location

1868 Gardenia Avenue • Long Beach, CA 90806

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Listed by

Stephen Jeong · Keller Williams Realty Irvine

Listing courtesy of Keller Williams Realty Irvine. Information deemed reliable but not guaranteed.

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