First Team Real Estate Logo

Long Beach, CA 90813 811 Gardenia Avenue

$2,395,000

811 Gardenia Avenue Long Beach, Ca - Image 1811 Gardenia Avenue Long Beach, Ca - Image 2811 Gardenia Avenue Long Beach, Ca - Image 3
8 more
811 Gardenia Avenue Long Beach, Ca - Image 4811 Gardenia Avenue Long Beach, Ca - Image 5811 Gardenia Avenue Long Beach, Ca - Image 6811 Gardenia Avenue Long Beach, Ca - Image 7811 Gardenia Avenue Long Beach, Ca - Image 8811 Gardenia Avenue Long Beach, Ca - Image 9811 Gardenia Avenue Long Beach, Ca - Image 10811 Gardenia Avenue Long Beach, Ca - Image 11811 Gardenia Avenue Long Beach, Ca - Image 12
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916
  • MLS# PW23229475
  • 12/22/2023
  • Request Tour
  • Request Info
  • BedBeds • 23
  • BathBaths • 5
  • FootageSQFT • 6,364
  • GarageGarage • 4

Home 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.
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916

Interior Features for 811 Gardenia Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 811 Gardenia Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.58
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market116
DirectionsE 7th St
Electric Expense1173.8
Entry Location1
Fuel Expense1173.8
Garage Spaces4.0
Garage Y/NYes
Gross Income193644.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense5168.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet6198.0
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense4900.0
MobileHomeRemainsYNNo
Net Operating Income133736.0
New ConstructionNo
Operating Expense59908.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameGardenia
Subdivision NameAlamitos Beach (AB)
Tax Lot14
Taxes$30,465
Total Units7
Trash Expense1173.8
View Y/NNo
Water Sewer Expense1173.8
Waterfront Y/NNo
Year Built1963
Year Built SourceAssessor
ZoningLBR2N

Exterior for 811 Gardenia Avenue

Building Area Total6364.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.1423
Lot Size Area6198.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,395,000
MLS#PW23229475
List Date 12/22/2023
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 811 Gardenia Avenue

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors