Price Reduced Listing
$1,488,000
 $7,988 est/mo Sourced by Back At You

1868 Gardenia Avenue,Long Beach, CA 90806

Long Beach, CA 90806

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Description

An 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.

Details

MLS #PW26178105
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1958
Days On Site92
Listing Provided ByKeller Williams Realty Irvine | Stephen Jeong

Features

SQ Feet4,008
Story(s)2
Units6
Building(s)1
Acreage0.15

Exterior

Lot FeaturesLevel

Parking

Parking FeaturesAssigned, Tandem, Uncovered
Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesUrban

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area9 Poly High
Community Nameother
Listing VS Median (in other)
Price:
$1,488,000
low | high
Med:
$799,950
96.239952956989% of Average
sqft:
4,008
low | high
Med:
2,160
96.120259481038% of Average
$ / sqft:
$371
low | high
Med:
$510
12.550439102006% of Average
On site:
92
low | high
Med:
56.5
100% of Average
Sourced by Back At You

Market Activity 90806

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Learn More About This Property

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90806
Area9 Poly High
Community Nameother
Listing VS Median (in other)
Price:
$1,488,000
low | high
Med:
$799,950
96.239952956989% of Average
sqft:
4,008
low | high
Med:
2,160
96.120259481038% of Average
$ / sqft:
$371
low | high
Med:
$510
12.550439102006% of Average
On site:
92
low | high
Med:
56.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.116M - $1.86M
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
1605 Cherry Avenue Property Photo 1
$1,373,000
1605 Cherry Avenue
Long Beach, CA 90813
Listing Updated: November 9, 2026 at 5:43:28 PM PST