$2,250,000
- Beds
- Unknown
- sq ft
- 5,112
1464 Gardenia Ave, Long Beach, CA 90813
1464 Gardenia Ave
Long Beach, CA 90813
- 74 days on market
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 5.8% and a GRM of 11.15 with an additional 8% in upside to a market cap rate of 6.5% and a 10.30 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.
Details
Property type
Apartment
Lot size
6,076 sq ft
Price per sq ft
$441
Year built
1953
Price History
05/10/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #SB24077577
Listed
$2,250,000
04/30/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #SB24077577
Pending
$2,250,000
04/18/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #SB24077577
Listed
$2,250,000
+40.63%
Schools & Community
Neighborhood:
Poly High District
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 07/01/2024 at 7:30 AM
Listing updated: 06/28/2024 at 5:33 PM
Listed by: Anthony Walker, Buckingham Investments, Inc Phone #: (310) 982-7055
MLS: CRMLS #SB24077577
![CRMLS logo](/_next/static/media/crmlsLogo.7699ca4d.png)
Recently listed in Long Beach
$580,000|2 bd|1.5 ba|Townhouse
$785,000|1 bd|1.5 ba|Condo
$756,990|2 bd|2.5 ba|Condo
$819,990|3 bd|2.5 ba|Condo
$1,100,000|3 bd|1.0 ba|House
$379,999|1 bd|1.0 ba|Condo
$1,475,000|4 bd|3.5 ba|Townhouse
$1,125,000|2 bd|2.0 ba|Condo
$939,000|5 bd|2.0 ba|House
$795,000|4 bd|2.0 ba|House
Explore top cities in California