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811 Gardenia AVE Long Beach, CA 90813
6,198 Sqft Lot
UPDATED:
08/30/2024 04:35 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW23229475
Originating Board California Regional MLS
Year Built 1963
Lot Size 6,198 Sqft
Property Description
811 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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry In Laundry Room
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 7267016027
Special Listing Condition Not Applicable
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Listed by Robert Stepp • Keller Williams - Santa Monica