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1206 Gladys Avenue, Long Beach, CA 90804

Property · 2 recorded sales since 2020

1206 Gladys Avenue, Long Beach, CA 90804 Sold June 2023 CRMLS
$2,650,000Sold June 2023

Listing Agent: Robert Stepp (DRE #01456379) · Listing Office: Keller Williams - Santa Monica · Contact: 310-463-2916 · Bought with: Larry Bustamante · Keller Williams - Santa Monica · MLS #PW23011122 · Source: CRMLS

6,350 sqft
Lot Size
1986
Year Built
Property
Type
14
Garage

About this property

1206 Gladys Avenue is an eight-unit, value-add apartment asset located in Long Beach. Built in 1986, the property features desirable 1980's construction. All eight apartments are sizable 2 BD / 2 BA units. Two of the units have been upgraded with luxury finishings, including in-unit washers and dryers, new cabinets and countertops, AC, minisplits, and tankless water heaters. The onsite laundry room and 14 parking spaces provide the opportunity for additional income. 1206 Gladys Avenue provides a new buyer with an attractive value add opportunity with approximately 20% upside to market rent.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$2,650,000
Sold June 2023 · listed $2,700,000, on market January 2023 · MLS #PW23011122 · Source: CRMLS
Listing Agent: Robert Stepp · Listing Office: Keller Williams - Santa Monica · Contact: 310-463-2916 · Bought with: Larry Bustamante · Keller Williams - Santa Monica
$2,450,000
Sold March 2020 · on market December 2019 · MLS #PW19279942 · Source: CRMLS
Listing Agent: Doug Rodermund · Listing Office: Morgan Skenderian · Contact: 949-251-8800 · Bought with: John Alden · Buckingham Investments, Inc
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