Price Reduced ListingAn exceptional value-add opportunity in Long Beach, 1868 Gardenia Ave is a well-maintained 6-unit multifamily asset with no local rent control and subject only to statewide AB 1482 (5% + CPI). The property features an optimal unit mix of all 2-bedroom, 1-bathroom layouts, providing strong tenant demand and significant upside in rents. Recent improvements include new roof and fresh exterior paint. Rare for the area, the property includes 12 off-street parking spaces (two tandem spots per unit) maximizing tenant retention and rental rates. Positioned near key commuter routes, dining, and retail hubs, this property presents a compelling acquisition for investors seeking entry into one of Southern California's premier rental markets.
| MLS # | PW26178105 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 92 |
| Listing Provided By | Keller Williams Realty Irvine | Stephen Jeong |
| SQ Feet | 4,008 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Acreage | 0.15 |
| Lot Features | Level |
|---|
| Parking Features | Assigned, Tandem, Uncovered |
|---|---|
| Garage Yes / No | No |
| Sewer | Public Sewer |
|---|
| Community Features | Urban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90806 |
| Area | 9 Poly High |
| Community Name | other |
| Listing VS Median (in other) | |
Price: $1,488,000 low | high Med: $799,950 sqft: 4,008 low | high Med: 2,160 $ / sqft: $371 low | high Med: $510 On site: 92 low | high Med: 56.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90806 |
| Area | 9 Poly High |
| Community Name | other |
| Listing VS Median (in other) | |
Price: $1,488,000 low | high Med: $799,950 sqft: 4,008 low | high Med: 2,160 $ / sqft: $371 low | high Med: $510 On site: 92 low | high Med: 56.5 | |
![]() | $1,373,0001605 Cherry AvenueLong Beach, CA 90813 |