1464 Gardenia Avenue

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,112 Sqft
  • 6076
    Sqft(Lot)
$2,150,000

Description

Significant price reduction!!! totally remodeled, turnkey 8-unit (6+2 brand new adu's) property in a high demand rental area of long beach. great unit mix with one 3 bed/1 bath unit, five 2 bed/1 bath units, and two brand new 1 bed/1 bath detached adu's. high yield, low expense property at an in-place cap rate of 6.2% and a grm of 10.61 with an additional 4% in upside to a market cap rate of 6.6% and a 10.13 grm. extensively renovated property including exterior refresh, new windows, main electrical panel, controlled access, low-water landscaping, common areas, and lighting. 5 out of 6

existing units upgraded with new vinyl flooring, new kitchens, bathrooms, paint, and lighting. two brand new 1 bed/1 bath adus just completed at

the rear of the property separated by a new turf courtyard. adus include mini-split ac units, in-unit laundry hookups, open concept kitchen/living

areas, stainless steel appliances, high grade cabinets, quartz countertops, and full-sized bathrooms. parking for 3-4 cars in the rear of the property.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47650555

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1953
    • Building Area Total: 5,112

    Pool Features

    • None

    Laundry Features

    • Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1395
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6076

  • Listing Price Information

    • Original List Price: 2,150,000
    • Listing Contract Date: 2024-10-17

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7261017011

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 9 - Poly High
    • Postal Code Plus 4: 2546
    • Directions: East side of Gardenia, South of PCH and West of Cherry.
    • Zoning: LBR2N
    • Source Property Type: Residential Income
    • Area: 9 - Poly High
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 71
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Appraiser
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/16/2024 @ 19:40

  • MLS: SB24234194
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,112 sqft, 6,076 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90813, this Los Angeles County Home , it is in the Downtown (DT) Subdivision, are nearby neighborhoods.