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.
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DAYS ON MARKET
|
315
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LAST UPDATED
|
10/15/2024
|
|
TRACT
|
Alamitos Beach (AB)
|
YEAR BUILT
|
1963
|
|
COMMUNITY
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Downtown Area, Alamitos Beach
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GARAGE SPACES
|
4.0
|
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COUNTY
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Los Angeles
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STATUS
|
Active
|
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PROPERTY TYPE(S)
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Residential Income
|
|
|
| AREA |
Downtown Area, Alamitos Beach |
| GARAGE |
Yes |
| LOT |
6198 sq ft |
| LOT DESCRIPTION |
6-10 Units/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Alamitos Beach (AB) |
| WATER |
Public |
| ZONING |
LBR2N |
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Listed with Keller Williams - Santa Monica
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/1/24 1:24 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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