$2,150,000 - 1464 Gardenia Avenue, Long Beach
- 16Beds
- 8Baths
- 0.14Acres
Long Beach Home Sale
Significant Price reduction!!! Totally remodeled, turnkey 8-unit (6+2 brand new ADU's) property in a high demand rental area of Long Beach. Great unit mix with one 3 bed/1 bath unit, five 2 bed/1 bath units, and two brand new 1 bed/1 bath detached ADU's. High yield, low expense property at an in-place cap rate of 6.2% and a GRM of 10.61 with an additional 4% in upside to a market cap rate of 6.6% and a 10.13 GRM. Extensively renovated property including exterior refresh, new windows, main electrical panel, controlled access, low-water landscaping, common areas, and lighting. 5 out of 6 existing units upgraded with new vinyl flooring, new kitchens, bathrooms, paint, and lighting. Two brand new 1 bed/1 bath ADUs just completed at the rear of the property separated by a new turf courtyard. ADUs include mini-split AC units, in-unit laundry hookups, open concept kitchen/living areas, stainless steel appliances, high grade cabinets, quartz countertops, and full-sized bathrooms. Parking for 3-4 cars in the rear of the property.
Sales Agent
- Sam Smith
- San Clemente Realtor ®
- Phone: 949-204-5110
- Cell: 949-204-5110
- Contact Agent Now
Amenities
- PoolNone
Additional Information
- Date ListedOctober 17th, 2024
- Days on Market54
- ZoningLBR2N
- Short SaleN
- RE / Bank OwnedN
Essential Information
- MLS® #SB24234194
- Price$2,150,000
- Bedrooms16
- Bathrooms8.00
- Acres0.14
- Year Built1953
- TypeResidential Income
- Sub-TypeApartment
- StatusClosed
- Listing AgentAnthony Walker
- Listing OfficeBuckingham Investments, Inc
Exterior
- Lot DescriptionRectangular Lot
Community Information
- Address1464 Gardenia Avenue
- Area9 - Poly High
- SubdivisionPoly High (PH)
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
Interior
- # of Stories2
- StoriesTwo
Price Change History for 1464 Gardenia Avenue, Long Beach, (MLS® #SB24234194)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | – | – | |
| Active Under Contract (from Active) | – | – |
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Back to ResultsPoly High (ph)
- City:
- Long Beach
- Price Range:
- $598,000 - $2,175,000
- Current Listings:
- 14
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
Washington
- City:
- Long Beach
- Price Range:
- $2,250,000 - $2,250,000
- Current Listings:
- 1
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
Downtown (dt)
- City:
- Long Beach
- Price Range:
- $269,000 - $4,500,000
- Current Listings:
- 21
- HOA Dues:
- $5
- Average Price per Square Foot:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of December 16th, 2025 at 8:26am PST. 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, 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.