$2,395,000
811 Gardenia Avenue, Long Beach 90813
15
Beds
5
Baths
6,198
Lot Size
7
# Of Units
Listing Agent
Robert Stepp - Keller Williams - Santa Monica811 Gardenia is a well-positioned 7-unit asset located in Long Beach, California. The property is priced at a 5.58% cap and 12.0 GRM on current rents. Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3) 3BD/1BA and (2) 2BD/1BA units. Most of the units have been partially upgraded with new floors, countertops, fixtures and paint. The property has four (4) garages and a laundry room providing additional income. New ownership also has the opportunity to convert garages to ADUs for increased income.
Facts & Features
| MLS® # | PW23229475 |
|---|---|
| Price | $2,395,000 |
| Bedrooms | 15 |
| Bathrooms | 5.00 |
| Lot Size | 6,198 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
| # Of Units | 7 |
Community Information
| Address | 811 Gardenia Avenue |
|---|---|
| Area | 4 - Downtown Area, Alamitos Beach |
| Subdivision | Alamitos Beach (AB) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90813 |
Amenities
| Parking Spaces | 4 |
|---|---|
| # of Garages | 4 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | 6-10 Units/Acre |
|---|
Additional Information
| Date Listed | December 22nd, 2023 |
|---|---|
| Days on Market | 158 |
| Zoning | LBR2N |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Robert Stepp |
|---|---|
| Office | Keller Williams - Santa Monica |