Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.. Last updated 2025-06-15 08:11:30.000000. Listing information © 2024 Sandicor.
Asking Price: $3,900,000 |
1850 Gardenia, Long Beach CA 90806
Community: 699 - Not Defined
This Apartment property was built in 1964 and is priced at $3,900,000. Please see the additional details below.
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.
