Long Beach, CA 90806 1850 Gardenia Avenue
$3,900,000
11 more
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
- MLS# SB25119351
- 05/28/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 30
Baths • 2
SQFT • 12,700
Home Details
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.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
Interior Features for 1850 Gardenia Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, Inside
Total Stories2
Other Rooms
Entry Level1
General for 1850 Gardenia Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.01
Carport Spaces17.0
Carport Y/NYes
CityLong Beach
Community FeaturesUrban
CountyLos Angeles
DirectionsOff of E PCH and Cherry Ave
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2025-05-29
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income366824.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet12887.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income234267.0
New ConstructionNo
Number Of Units Total17
Operating Expense114216.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot6
Trash Expense0.0
Water Sewer Expense0.0
Year Built1964
Year Built SourceAssessor
ZoningLBR3S
Exterior for 1850 Gardenia Avenue
Building Area Total12700.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.2958
Lot Size Area12887.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters18
Number of Separate Gas Meters17
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking17.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate