1464 Gardenia Avenue
$2,150,000
16
8
5,112
5,112
$421
Description
Significant Price reduction! Totally remodeled, turnkey 8-unit (6+2 brand new ADU's) property in a high demand rental area of Long Beach. Great unit mix with one 3 bed/1 bath unit, five 2 bed/1 bath units, and two brand new 1 bed/1 bath detached ADU's. High yield, low expense property at an in-place cap rate of 6.2% and a GRM of 10.61 with an additional 4% in upside to a market cap rate of 6.6% and a 10.13 GRM. Extensively renovated property including exterior refresh, new windows, main electrical...Significant Price reduction! Totally remodeled, turnkey 8-unit (6+2 brand new ADU's) property in a high demand rental area of Long Beach. Great unit mix with one 3 bed/1 bath unit, five 2 bed/1 bath units, and two brand new 1 bed/1 bath detached ADU's. High yield, low expense property at an in-place cap rate of 6.2% and a GRM of 10.61 with an additional 4% in upside to a market cap rate of 6.6% and a 10.13 GRM. Extensively renovated property including exterior refresh, new windows, main electrical panel, controlled access, low-water landscaping, common areas, and lighting. 5 out of 6
existing units upgraded with new vinyl flooring, new kitchens, bathrooms, paint, and lighting. Two brand new 1 bed/1 bath ADUs just completed at
the rear of the property separated by a new turf courtyard. ADUs include mini-split AC units, in-unit laundry hookups, open concept kitchen/living
areas, stainless steel appliances, high grade cabinets, quartz countertops, and full-sized bathrooms. Parking for 3-4 cars in the rear of the property.
existing units upgraded with new vinyl flooring, new kitchens, bathrooms, paint, and lighting. Two brand new 1 bed/1 bath ADUs just completed at
the rear of the property separated by a new turf courtyard. ADUs include mini-split AC units, in-unit laundry hookups, open concept kitchen/living
areas, stainless steel appliances, high grade cabinets, quartz countertops, and full-sized bathrooms. Parking for 3-4 cars in the rear of the property.
- Listed by Anthony Walker • DRE #01908153 • Brokerage DRE #01914434 • Buckingham Investments, Inc • 310-561-4776
- Listed by Josh Ess • DRE #02035659 • Brokerage DRE #01914434 • Buckingham Investments, Inc
Property Details for 1464 Gardenia Avenue
Parking Spaces Total
0
Private PoolNo
Total Units8.0
Building TypeAttached
Lot Size SourceAssessor
Living Area5112
Assessor Parcel Number7261-017-011
Property Attached YNtrue
LISTING UPDATED: 11/14/2024 06:46 AM
Property Details for 1464 Gardenia Avenue
Status | Active |
---|---|
MLS # | SB24234194 |
Days on Market | 33 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Apartment |
Year Built | 1953 |
County | Los Angeles County |
Building Information for 1464 Gardenia Avenue
Building/Complex1464 Gardenia AveFloor-Stories2Residences-Pet Policy-Year Built1953Building Size-
Property Information for 1464 Gardenia Avenue
Property History for 1464 Gardenia Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1464 Gardenia Avenue
Taxable ValueLand$1,040,400Additions$624,240Total$1,664,640
Tax Record2024$22,060 ($1,838 / month)
Home Facts
Total Finished SqFt3,352 SqFtAbove Grade Finished SqFt3,352 SqFtLot Size6,076 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLBR2NCountyLOS ANGELESAPN7261-017-011
Schools near 1464 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 |
---|---|---|
Whittier 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.
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