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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$ 3,900,000
Est. payment /mo
New
1850 Gardenia AVE Long Beach, CA 90806
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25119351
Year Built 1964
Lot Size 0.296 Acres
Source California Regional MLS
Property Description
Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 6.05% CAP Rate and a 10.58 GRM! This two-story asset features a favorable unit mix of (4) one-bedroom/one-bath units and (13) two-bedroom/one-bath units, catering to strong rental demand in the area. Located in a quiet residential neighborhood near Signal Hill, the property offers tenants easy access to schools, parks, shopping centers, and major freeways (405, 710, and 605). With upside in rents and continued demand for quality multifamily housing in Long Beach, this property presents an excellent opportunity for investors seeking long-term growth and cash flow.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Other, Community Facility
Exterior
Parking Features Assigned Spaces
Garage Spaces 17.0
Pool None
Building
Water District - Public
Others
Tax ID 7216032020
Special Listing Condition Not Applicable
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