Long Beach, CA 90813,1040 Gardenia
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Long Beach, CA 90813,1040 Gardenia
Long Beach, CA 90813,1040 Gardenia
Long Beach, CA 90813,1040 Gardenia
Long Beach, CA 90813,1040 Gardenia
Listed by Stephen Takahashi • Lyon Stahl Investment Real Estate, Inc.

$1,000,000

Est. payment /mo

$950,000

5.3%
Est.Price: ?

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1040 Gardenia Long Beach, CA 90813

3,568 SqFt

SOLD DATE : 02/03/2025

Key Details

Sold Price $1,000,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

Square Footage 3,568 sqft

Price per Sqft $280

MLS Listing ID SB-24246968

Sold Date 02/03/25

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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agent

Tina Lucarelli

Advisor | License ID: 02102354

+1(310) 738-8089

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