Residential Income - 1868 Gardenia Avenue, Long Beach, CA
$1,600,000
1868 Gardenia Avenue, Long Beach, CA
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.
Property details
Location
1868 Gardenia Avenue • Long Beach, CA 90806
Listed by
Stephen Jeong · Keller Williams Realty Irvine
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Recent sales near 1868 Gardenia Avenue
1339 E Wesley Drive: Sold $1,220,000 · Jun 2026 · 0.5 mi
Coldwell Banker Realty | DRE #01733206
Buyer's agent: Andrew Poland Villagomez, Real Broker | DRE #021852511204 E Smith: Sold $655,000 · 3 bd · 2 ba · 1,146 sqft · Jul 2026 · 0.5 mi
Pinnacle Estate Properties, Inc. | DRE #01294720
Buyer's agent: Sergio Muniz, SO CAL REALTY & LOANS | DRE #021749981154 E 20th: Sold $650,000 · 2 bd · 1 ba · 1,048 sqft · May 2026 · 0.5 mi
The Doorway Realty | DRE #02022207
Buyer's agent: Olga Medwid, Real Broker | DRE #019961562064 Myrtle: Sold $600,000 · 2 bd · 1 ba · 1,112 sqft · May 2026 · 0.8 mi
Luxury Collective | DRE #02053839
Buyer's agent: Joshua Vigo-Fas, Luxury Collective | DRE #020538392148 Myrtle: Sold $640,000 · 3 bd · 2 ba · 1,544 sqft · Sep 2026 · 0.8 mi
HomeSmart, Evergreen Realty | DRE #01343239
Buyer's agent: Phoebe Meefu Choong, CMF Real Estate Capital Group | DRE #013244872285 Lewis Avenue: Sold $2,000,000 · Jul 2026 · 0.8 mi
Phan Property Management | DRE #01218721
Buyer's agent: NONE NONE, None MRML | DRE #N/A1941 Olive Avenue: Sold $1,157,000 · Jun 2026 · 0.9 mi
Decorum Properties & Investments, Inc | DRE #01988183
Buyer's agent: Walter Franco, eXp Realty of Southern California, Inc. | DRE #020632942010 Lime: Sold $545,000 · 3 bd · 1 ba · 1,118 sqft · Sep 2026 · 0.9 mi
eXp Realty of Greater Los Angeles | DRE #01941438
Buyer's agent: Costanza Genoese Zerbi, eXp Realty of Greater Los Angeles | DRE #01941438
Closed sales reported in 90806, nearest first, last 12 months. All recent sales in Long Beach →