1040 Gardenia Avenue

Long Beach, CA 90813

$950,000
Price
4
Beds
4
Baths
3,568 Sq. Ft.
$266 / Sq. Ft.
3,568
Sq. Ft.
$266
per Sq. Ft.

Description

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...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!
  1. Listed by Stephen Takahashi • DRE #01944770 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-403-9145
  2. Listed by John Stiegler II • DRE #01981597 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 1040 Gardenia Avenue

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
3568
Assessor Parcel Number
7267-014-005
Property Attached YN
false

Open Houses

Thursday, Dec 19th

1:00 PM - 1:30 PM

Public

LISTING UPDATED: 12/17/2024 06:59 AM

Property Details for 1040 Gardenia Avenue

StatusActive
MLS #SB24246968
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
CountyLos Angeles County

Building Information for 1040 Gardenia Avenue

Building/Complex1040 Gardenia AveFloor-Stories2Residences-Pet Policy-Year Built1925Building Size-

Property Information for 1040 Gardenia Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $54,883
  • Gross Scheduled Income: $56,580
  • Net Operating Income: $32,826
Expense Details
  • Operating Expense: $22,056
  • Insurance Expense: $3,211
  • Trash Expense: $1,200
  • Water Sewer Expense: $3,600
  • Total Expenses: $22,008
Tax / Assessment Info
  • Tax Annual Amount: $22,008
  • Tax Tract Number: 5
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $955
  • Unit Type Total Rent: $955
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $955
  • Unit Type Total Rent: $955
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $955
  • Unit Type Total Rent: $955
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1040 Gardenia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1040 Gardenia Avenue

Taxable ValueLand$261,232Additions$73,570Total$334,802
Tax Record2024$5,042 ($420 / month)
Home Facts
Total Finished SqFt3,568 SqFtAbove Grade Finished SqFt3,568 SqFtLot Size6,531 SqFtStyleQuadraplexYear Built1925ZoningLBR2NCountyLOS ANGELESAPN7267-014-005

Schools near 1040 Gardenia Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1040 Gardenia Avenue is a multi-family home for sale in Long Beach, CA 90813. This property was listed for sale on November 26, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $950,000. This listing's school district is Long Beach Unified School District. Nearby schools include Lincoln Elementary School, Franklin Classical Middle School and Polytechnic High School. 1040 Gardenia Avenue is a 4-bed, 4-bath, 3,568 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Stephen Takahashi, DRE #01944770; Lyon Stahl Investment Real Estate, Inc., John Stiegler II, DRE #01981597

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.