Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSB25119351
MLS Source
California Regional MLS
Days on Site
51
Interior Features
Appliances
Other
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1850 Gardenia Ave is a Residential Income in Long Beach, CA 90806. This – square foot property sits on a 12,887 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,900,000 and was built in 1964. This address can also be written as 1850 Gardenia Ave, Long Beach, CA 90806.
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This listing information is up-to-date as of May 30, 2025. For the most current information, please contact Cameron Samimi
