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1464 Gardenia Avenue

Long Beach, CA 90813

– beds
– baths
– sqft
6,076 sqft lot
1953 build
– on site

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.

Listed By CRMLS_CA / Anthony Walker / Buckingham Investments, Inc / 310-561-4776

Last checked: Checking… • Last updated Nov 14, 2024 •

MLS# SB24234194 —

The Building

Year Built:

1953
Year Built Source:

Appraiser
New Construction:

No
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

5112.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

8
Stories Total:

2
# of Separate Gas Meters:

8
# of Separate Water Meters:

1
# of Separate Electric Meters:

8

Interior

Levels:

Two
Entry Location:

1
Laundry:

Inside
Laundry:

1

Location

Directions:

East side of Gardenia, South of PCH and West of Cherry.
Latitude:

33.78558000
Longitude:

-118.16841200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBR2N
Lot Features:

Rectangular Lot
Lot Size Area:

6076.0000
Lot Size Acres:

0.1395
Lot Size SqFt:

6076.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5752.02
Tax Tract:

5752
Tax Lot:

2

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7261017011

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Poly High (PH)
Subdivision:

Poly High (PH)
Senior Community:

No
Features:

Urban
Pool:

None
Private Pool:

No

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Sale history

Date	Event	Source	Price	% Change
11/14/24 Nov 14, 2024	Listed / Active	CRMLS_CA	$2,150,000	34.4% (13.0% / YR)
5/10/24 May 10, 2024	Listed / Active	CRMLS_CA
4/30/24 Apr 30, 2024	Sold Subject To Contingencies	CRMLS_CA

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This multifamily located in Jackson Park, Long Beach, CA 90813 is currently for sale for $2,150,000. 1464 Gardenia Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 1464 Gardenia Avenue is in the Jackson Park neighborhood of Long Beach. This multifamily is in the attendance area of Polytechnic High School, Franklin Classical Middle School, and Whittier Elementary School.

Listing Courtesy of: CRMLS_CA and Buckingham Investments, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 17:27 on Nov 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.