1464 Gardenia Avenue
Long Beach, CA 90813
- – beds
- – baths
- – sqft
- 6,076 sqft lot
- 1953 build
- – on site
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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.
Last checked:
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Last updated Mar 6, 2025
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MLS# SB24234194 —
The Building
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Year Built:1953
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Year Built Source:Appraiser
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New Construction:No
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Building Area Total:5112.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:2
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Stories Total:2
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Entry Level:1
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:8
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# of Separate Water Meters:1
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# of Separate Electric Meters:8
Interior
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Levels:Two
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Entry Location:1
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Laundry:Inside
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Laundry:1
Location
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Directions:East side of Gardenia, South of PCH and West of Cherry.
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Latitude:33.78558000
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Longitude:-118.16841200
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LBR2N
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Lot Features:Rectangular Lot
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Lot Size Area:6076.0000
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Lot Size Acres:0.1395
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Lot Size SqFt:6076.00
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Lot Size Source:Assessor
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:5752.02
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Tax Tract:5752
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Tax Lot:2
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7261017011
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Subdivision:Poly High (PH)
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Subdivision:Poly High (PH)
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Features:Urban
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Pool:None
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Senior Community:No
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Private Pool:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/6/25
Mar 6, 2025
|
Sold | CRMLS_CA | $2,065,000 | -4.0% |
|
1/16/25
Jan 16, 2025
|
Sold Subject To Contingencies | CRMLS_CA | $2,150,000 | |
|
11/14/24
Nov 14, 2024
|
Listed / Active | CRMLS_CA | $2,150,000 | 34.4% (13.0% / YR) |
