1850 Gardenia Avenue, Property Listing: MLS® #SB25119351

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.

1850 Gardenia Avenue, Property Listing: MLS® #SB25119351 Close
Page Summary
  • 619-987-4851
NEW
  • MLS® #: SB25119351
  • 1850 Gardenia Avenue
  • , CA 90806
  • $3,900,000
  • 0.30 Acres
  • Office: Lyon Stahl Investment Real Estate, Inc.

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.

Supplemental Remarks

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Essential Information

  • MLS® #SB25119351
  • Listing Price$3,900,000
  • Original Listing Price$3,900,000
  • Date ListedMay 27th, 2025
  • Days on Market3
  • Bathrooms0.00
  • Acres0.30
  • Lot Sq.Ft.12,887
  • TypeResidential Income
  • StatusACTIVE

Dues

  • HOA Dues$0
  • Total Monthly Dues$10

Community Information

  • Address1850 Gardenia Avenue
  • AreaLONG BEACH (90806)
  • CountyLos Angeles
  • StateCA
  • Zip Code90806

Amenities

  • PoolN/K
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Listing information last updated on June 16th, 2025 at 9:39am PDT.