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1040 Gardenia Long Beach, CA 90813
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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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Bought with John Stiegler II