811 Gardenia Avenue Long Beach, CA ^$ 2,395,000

811 Gardenia Avenue

^$ 2,395,000

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811 Gardenia Avenue

Long Beach, CA, 90813

^$ 2,395,000

Bedrooms23 Baths5.0 Sq 6,364

Monthly Estimate*

^$ 15,918

Listed by Keller Williams - Santa Monica

811 Gardenia Avenue, Long Beach, CA 90813 - Image 1

811 Gardenia Avenue, Long Beach, CA 90813 - Image 2

811 Gardenia Avenue, Long Beach, CA 90813 - Image 3

811 Gardenia Avenue, Long Beach, CA 90813 - Image 4

811 Gardenia Avenue, Long Beach, CA 90813 - Image 5

811 Gardenia Avenue, Long Beach, CA 90813 - Image 6

811 Gardenia Avenue, Long Beach, CA 90813 - Image 7

811 Gardenia Avenue, Long Beach, CA 90813 - Image 8

811 Gardenia Avenue, Long Beach, CA 90813 - Image 9

811 Gardenia Avenue, Long Beach, CA 90813 - Image 10

811 Gardenia Avenue, Long Beach, CA 90813 - Image 11

811 Gardenia Avenue, Long Beach, CA 90813 - Image 12

811 Gardenia Avenue, Long Beach, CA 90813 - Image 13

Multi-Family Home for sale in Long Beach, CA

for $2,395,000 with 23 bedrooms and 5 full baths. This 6,364 square foot home was built in 1963 on a lot size of 0.1423.

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.

Multi-Family Active

Price

^$ 2,395,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.1423

Year Built

1963

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23229475

Days on Market

157

Features

General

Sewer PublicSewer

Zoning LBR2N

Garage Spaces 4.0

Pool Features None

Year Built 1963

Stories 2

Levels Two

Property SubType MixedUse

Gross Income 193644.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 133736.0

Operating Expense 59908.0

Insurance Expense 5168.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Alamitos Beach (AB)

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions E 7th St

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 7

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 6198.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Gardenia

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 1173.8

Home Warranty Y/N N

Fuel Expense 1173.8

Trash Expense 1173.8

Water Sewer Expense 1173.8

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 116

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 14

Property Sub Type Additional MixedUse

Taxes 30465.0

Cap Rate 5.58

Exterior

Lot Features Item610UnitsAcre

Water Source Public

Total Parking 4.0

Lot Size Area 6198.0

Number of Buildings 1

Spa N

Building Area Total 6364.0

Lot Size Acres 0.1423

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 7

Number of Separate Electric Meters 7

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features LaundryRoom

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 811

* Excluded Features

List By

Keller Williams - Santa Monica

Broker

(310) 774-3740

Phone

Affordability Calculator

$15,918

Per Month

Monthly Principal & Interest: $15,918
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,066,115

Percent of Sale Price 14%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/23/2023	$2,395,000		Listed Price

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811 Gardenia Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $2,395,000 with 6,364 sqft and a lot size of 0.1423. 811 Gardenia Avenue has 23 bedrooms, 5.0 baths, and was built in 1963. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/27/2024. 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.

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811 Gardenia Avenue

Multi-Family Home for sale in Long Beach, CA

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