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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

    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!

    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#: SB24246968MLS LogoOriginating 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