Long Beach, CA 90813,1040 Gardenia
Long Beach, CA 90813,1040 Gardenia
Long Beach, CA 90813,1040 Gardenia
Long Beach, CA 90813,1040 Gardenia
Long Beach, CA 90813,1040 Gardenia
Long Beach, CA 90813,1040 Gardenia
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$1,000,000

$950,000

5.3%
Est.Price: ?

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Est. payment /mo

4 Beds

4 Baths

6,531 Sqft Lot


SOLD DATE : 02/03/2025

Key Details

Sold Price $1,000,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24246968

Sold Date 02/03/25

Bedrooms 4

HOA Y/N No

Lot Size 6,531 Sqft

Property 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 youre 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 Beachs thriving multi-family investment market!
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 youre 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 Beachs thriving multi-family investment market!

Location

State CA

County Los Angeles

Area Long Beach (90813)

Zoning Public Rec

Building

Lot Description Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $1,750

Listing Terms Cash, Conventional, Exchange

Financing Conventional

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San Diego Regional MLS (SDMLS)
Listed by Stephen Takahashi • Lyon Stahl Investment Real Estate, Inc.
Bought with John Stiegler II • Lyon Stahl Investment Real Estate, Inc.
agent-avatar

+1(858) 336-9653

jcohenkurzrock@gmail.com

2235 Linwood St. A5, Diego, California, 92110, United States

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