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Apartment Sale Pending
1464 Gardenia Avenue
Long Beach, California 90813
Los Angeles CountyCommunity: Poly High (PH)
$2,250,000
15 br, 8.0 bath
5112 sq. ft.
0.139 acres
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 5.8% and a GRM of 11.15 with an additional 8% in upside to a market cap rate of 6.5% and a 10.30 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.
Interior:
- Bedrooms: 15
- Baths: 8.0
- Sq Ft: 5112
- Year Built: 1953
- Utilities:
- Fireplaces:
- Stories: 2.0
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.139 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof: Unknown
- MLS #: SB24077577
Ad Number: 4848132
Viewed 12 times.
Updated: Apr 18, 2024
This property is a Apartment located at 1464 Gardenia Avenue, Long Beach, California 90813, and is currently Sale Pending at $2,250,000. This Apartment has 15 bedrooms, 8.0 baths, 5112 sq ft.
Listing Agent: Anthony Walker, Buckingham Investments, Inc., 310-561-4776, 310-982-7055
Listing Site, Listing Status: Pending
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