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Listed by Stephen Takahashi • Lyon Stahl Investment Real Estate, Inc.
$950,000
Est. payment /mo
3,568 SqFt
Active
1040 Gardenia Long Beach, CA 90813
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UPDATED:
12/20/2024 07:34 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,568 sqft
Price per Sqft $266
MLS Listing ID SB-24246968
Year Built 1925
Lot Size 6,531 Sqft
Property 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 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!
Location
State CA
County Los Angeles
Interior
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Sidewalks, Urban
Building
Lot Description Rectangular Lot
Sewer Public Sewer
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