1040 Gardenia, Long Beach, California 90813
  • $950,000

Overview

Property ID: SB24246968
  • Apartment, Residential Income
  • Property Type
  • 4.0
  • Garages
  • 3568 Sqft
  • Area Size
  • 1925
  • Year Built

Description

Step into a lucrative investment opportunity with this well-located and versatile quadruplex, offering four spacious one-bedroom units with the potential for easy conversion into two-bedroom or ADU possibilities. 2 out of 4 of the units have washer & dryer hookups. Spanning approximately 3, 568 square feet of living space on a generous 6, 531 square foot lot, this property seamlessly blends 1920s character with modern upgrades, making it an ideal choice for savvy investors or owner-occupants. Built in 1925, the property is zoned LBR2N and boasts recent enhancements to maximize tenant satisfaction and long-term value. The property has street to alley access points with detached garages for tenant storage space. Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased cash flow. Whether you’re expanding your portfolio or seeking a high-potential investment in a robust rental market, 1040 Gardenia Ave delivers a perfect balance of charm, functionality, and financial opportunity. Don’t miss out on this chance to capitalize on Long Beach’s thriving multi-family investment market!

  • Address: 1040 Gardenia
  • City: Long Beach
  • State/county: CA
  • Zip/Postal Code: 90813
  • Country: US

Details

Updated on February 3, 2025 at 9:01 pm
  • Property ID SB24246968
  • Price $950,000
  • Property Size 3568 Sqft
  • Land Area 0.1499 Acres
  • Garages 4.0
  • Year Built 1925
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Community Features Sidewalks, Urban

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