1040 Gardenia, Long Beach, California 90813
- $950,000
Overview
- Apartment, Residential Income
- 4.0
- 3568 Sqft
- 1925
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
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Address: 1040 Gardenia
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City: Long Beach
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State/county: CA
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Zip/Postal Code: 90813
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Country: US
Details
Updated on February 3, 2025 at 9:01 pm-
Property ID SB24246968
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Price $950,000
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Property Size 3568 Sqft
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Land Area 0.1499 Acres
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Garages 4.0
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Year Built 1925
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
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Sewer Public Sewer
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County Los Angeles
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Property Type Residential Income
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Pool None
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Community Features Sidewalks, Urban
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