1040 Gardenia, Long Beach CA, 90813

Active

1040 Gardenia

Long Beach CA, 90813

$950,000

$266.26 per sqft

Active

3,568 sqft

Condos

Built in 1925

Listed by Stephen Takahashi with Lyon Stahl Investment Real Estate, Inc. 310-403-9145

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!

SB24246968

MLSⓇ ID

December 10, 2024

Listed

December 19, 2024

Updated

Map

1040 Gardenia
Long Beach CA, 90813

Interior Features

Total Stories: 2
Laundry Description: Washer Hookup, Gas Dryer Hookup
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.15 Acres
Lot Features: Rectangular Lot
Sewer: Public Sewer

Other Property Details

Area Name: 4 - Downtown Area, Alamitos Beach
Taxes: $22,008
Tax Frequency: Annually
Days on Market: 9
Garage: Yes
Garage Spaces: 4
Parking Total: 4
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None

Listing Contact: 310-425-9838

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/19/2024 at 10:40 PM UTC