Long Beach, CA 90813,1040 Gardenia
Long Beach, CA 90813,1040 Gardenia
Long Beach, CA 90813,1040 Gardenia
12
$1,000,000
$950,000
5.3%
Est.Price: ?

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6,531 Sqft Lot

1040 Gardenia Long Beach, CA 90813

Est. payment /mo
SOLD DATE : 02/03/2025

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Key Details

Sold Price $1,000,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSB24246968

Sold Date 02/03/25

Originating Board California Regional MLS

Year Built 1925

Lot Size 6,531 Sqft

Property Sub-Type Fourplex

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 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!

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Laundry Gas Hookup, 30

Exterior

Garage Spaces 4.0

Pool None

Building

Water District - Public

Others

Tax ID 7267014005

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Stephen Takahashi • Lyon Stahl Investment Real Estate, Inc.
Bought with John Stiegler II

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agent

Madhu Sarkar

Agent | License ID: 01702931

+1(650) 504-7768

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