1850 GARDENIA AVENUE, LONG BEACH CA 90806
- 12,700 sq.ft.
- 12,887 sq.ft. lot
Property Description
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.
Listing Courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
Exterior Features
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