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1850 Gardenia Avenue

Long Beach, CA 90806

– beds
– baths
– sqft
12,887 sqft lot
1964 build
– on site

Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 6.05% CAP Rate and a 10.58 GRM! This two-story asset features a favorable unit mix of (4) one-bedroom/one-bath units and (13) two-bedroom/one-bath units, catering to strong rental demand in the area. Located in a quiet residential neighborhood near Signal Hill, the property offers tenants easy access to schools, parks, shopping centers, and major freeways (405, 710, and 605). With upside in rents and continued demand for quality multifamily housing in Long Beach, this property presents an excellent opportunity for investors seeking long-term growth and cash flow.

Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc. / 310-259-7556

Last checked: Checking… • Last updated May 30, 2025 •

MLS# SB25119351 —

The Building

Year Built:

1964
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

12700.00
Building Area Units:

Square Feet
Total Number Of Units:

17
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

17
# of Separate Water Meters:

1
# of Separate Electric Meters:

18

Interior

Entry Location:

1
Laundry:

Community, Inside
Laundry:

1

Location

Directions:

Off of E PCH and Cherry Ave
Latitude:

33.79089900
Longitude:

-118.16842100

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBR3S
Lot Features:

0-1 Unit/Acre
Lot Size Area:

12887.0000
Lot Size Acres:

0.2958
Lot Size SqFt:

12887.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5733.00
Tax Tract:

1319
Tax Lot:

6

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7216032020
Showings Begin:

2025-05-29

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

17.00
Carport Spaces:

17.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/29/25 May 29, 2025	Listed / Active	CRMLS_CA	$3,900,000

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This multifamily located in Central Long Beach, Long Beach, CA 90806 is currently for sale for $3,900,000. 1850 Gardenia Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 20 days. 1850 Gardenia Avenue is in the Central Long Beach neighborhood of Long Beach and has a WalkScore® of 84, making it very walkable. This multifamily is in the attendance area of Alvarado Elementary School, Jessie Nelson Academy, and Polytechnic High School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 06:05 on Jun 18.

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.