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367 375 Gladys Avenue, Long Beach, CA 90814

Property

367 375 Gladys Avenue, Long Beach, CA 90814 Sold April 2025 CRMLS
$5,500,000Sold April 2025

Listing Agent: Christopher Walker (DRE #01905338) · Listing Office: Triqor Group · Contact: chris.walker@triqorgroup.com · Bought with: Christopher Walker · Triqor Group · MLS #PW24241218 · Source: CRMLS

12,196 sqft
Lot Size
1964
Year Built
Property
Type
10
Garage

About this property

This well-maintained property is located in Alamitos Beach, next to Bixby Park. Considerable value add with approximately 50% in rental upside. This property offers a unit mix with (18) eighteen two-bedrooms and (2) two one-bedroom. Each unit is individually metered for electricity and gas, providing residents with greater control over utility costs. Recent upgrades include copper plumbing, vinyl windows, and a new roof. The property is on two parcels, two ten units each, eliminated the requirement for an onsite manager. This property offers its tenants with ample parking with Ten (10) Enclosed Garages and eight tandem spaces. The units themselves are well-appointed with gas cooking, electric heating, hardwood floors, and ceiling fans, and wall heaters ensuring a comfortable living environment.

Listing description from the April 2025 sale, as reported to CRMLS.

Sale history

$5,500,000
Sold April 2025 · listed $5,900,000, on market November 2024 · MLS #PW24241218 · Source: CRMLS
Listing Agent: Christopher Walker · Listing Office: Triqor Group · Contact: chris.walker@triqorgroup.com · Bought with: Christopher Walker · Triqor Group
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