811 Gardenia AVE Long Beach, CA 90813
Active
$2,395,000
7 Units
15 Beds
5 Baths
6,364 Area(sq.ft.)
6,198 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 6 | 2 | No | $ 3,000 | $ 3,000 | $ 3,000 |
| Unit 2 | 1 | 4 | 1 | No | $ 2,552 | $ 2,552 | $ 2,600 |
| Unit 3 | 3 | 3 | 1 | No | $ 2,266 | $ 6,798 | $ 2,302 |
| Unit 4 | 2 | 2 | 1 | No | $ 1,995 | $ 3,990 | $ 2,100 |
| 4 | 7 | 23 | 8 | $ 16,340 | $ 33,926 | $ 16,706 |
| MLS #: | PW23229475MR |
| Days On Market: | 280 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 376 |
| Price per unit: | $ 342,143 |
| Year Built: | 1963 |
Property Details
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.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 59,908 |
| Net Operating Income: | $ 133,736 |
| Cap Rate: | 5.58% |
| Gross Rent Multiplier: | 12.00 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
Interior
| Laundry: | Room |
Exterior
| Pool: | No |
Detailed Map
Schools
Find a great school for your child
Income
