Step into a lucrative investment opportunity with this well-located and versatile quadruplex, offering four spacious one-bedroom units with the potential for easy conversion into two-bedroom or ADU possibilities. 2 out of 4 of the units have washer & dryer hookups. Spanning approximately 3,568 square feet of living space on a generous 6,531 square foot lot, this property seamlessly blends 1920s character with modern upgrades, making it an ideal choice for savvy investors or owner-occupants. Built in 1925, the property is zoned LBR2N and boasts recent enhancements to maximize tenant satisfaction and long-term value. The property has street to alley access points with detached garages for tenant storage space. Located in a sought-after Long Beach neighborhood, this property offers strong upside potential for rent growth and increased cash flow. Whether you’re expanding your portfolio or seeking a high-potential investment in a robust rental market, 1040 Gardenia Ave delivers a perfect balance of charm, functionality, and financial opportunity. Don't miss out on this chance to capitalize on Long Beach’s thriving multi-family investment market!
Sold for $1,000,000 on 02/03/25
Listing Provided by:
Stephen Takahashi DRE #01944770 310-403-9145,
Lyon Stahl Investment Real Estate, Inc.,
John Stiegler II DRE #01981597,
Lyon Stahl Investment Real Estate, Inc.
$1,000,000
1040 Gardenia Ave, Long Beach, CA 90813
--beds
--baths
3,568sqft
Multi Family
Built in 1925
-- sqft lot
$983,000 Zestimate®
$280/sqft
$2,448 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 03, 2025 at 01:01pm
Listing Provided by:
Stephen Takahashi DRE #01944770 310-403-9145,
Lyon Stahl Investment Real Estate, Inc.,
John Stiegler II DRE #01981597,
Lyon Stahl Investment Real Estate, Inc.
Bought with:
John Stiegler II, DRE #01981597
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB24246968
Originating MLS: California Regional MLS

Facts & features
Interior
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,568
- Total interior livable area: 3,568 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
Lot
- Size: 6,531 sqft
- Features: Rectangular Lot
Details
- Parcel number: 7267014005
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks, Urban
Location
- Region: Long Beach
- Subdivision: Rose Park
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Services availability
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Estimated market value
$983,000