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Listed by: Stephen Jeong (714) 309-2708 DRE #01967125 | Keller Williams Realty Irvine (949) 861-8000
$1,600,000
12 Beds
6 Baths
4,008sqft
1868 Gardenia Ave, Long Beach, CA 90806
$1,600,000
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Apartment
Built in 1958
$-- HOA
6,451 sqft lot
$399/sq.ft
Description
An exceptional value-add opportunity in Long Beach, 1868 Gardenia Ave is a well-maintained 6-unit multifamily asset with no local rent control and subject only to statewide AB 1482 (5% + CPI). The property features an optimal unit mix of all 2-bedroom, 1-bathroom layouts, providing strong tenant demand and significant upside in rents. Recent improvements include new roof and fresh exterior paint. Rare for the area, the property includes 12 off-street parking spaces (two tandem spots per unit) maximizing tenant retention and rental rates. Positioned near key commuter routes, dining, and retail hubs, this property presents a compelling acquisition for investors seeking entr...
Continue Reading- Houzeo last checked: 14 minutes ago
- Listing updated: August 14, 2026 at 10:02 am
- Source: California Regional MLS-CA | MLS#: PW26178105
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1958
HOA Fees
-
Finished Area
4,008 sqft
Lot Size
6,451 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW26178105
MLS Status
Active
Days on Market
10
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