Property Description

811 Gardenia is a well-positioned 7-unit asset located in Long Beach, California. The property is priced at a 5.58% cap and 12.0 GRM on current rents. Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3) 3BD/1BA and (2) 2BD/1BA units. Most of the units have been partially upgraded with new floors, countertops, fixtures and paint. The property has four (4) garages and a laundry room providing additional income. New ownership also has the opportunity to convert garages to ADUs for increased income.

Features
: Laundry Room
Address Map
CA
Los Angeles
Long Beach
90813
811 Gardenia Avenue
0
W119° 49' 51.3''
N33° 46' 38.8''
E 7th St
MLS Addon
Keller Williams - Santa Monica
Robert Stepp
rstepp@steppcommercial.com
CR385776
CR364501221
: Public

Commercial Sale For Sale

811 Gardenia Avenue, Long Beach, California 90813

6,364 Sqft
$2,395,000
Listing ID #CRPW23229475
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRPW23229475
Price : $2,395,000
Square Footage : 6,364 Sqft
Year Built : 1963
Lot Area : 6,198 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent