811 Gardenia is a well-positioned 7-unit asset located in Long Beach, California. The property is priced at a 5.58% cap and 12.0 GRM on current rents.Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3)...
811 Gardenia is a well-positioned 7-unit asset located in Long Beach, California. The property is priced at a 5.58% cap and 12.0 GRM on current rents.Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3) 3BD/1BA and (2) 2BD/1BA units. Most of the units have been partially upgraded with new floors, countertops, fixtures and paint. The property has four (4) garages and a laundry room providing additional income. New ownership also has the opportunity to convert garages to ADUs for increased income.
Listing Courtesy of Keller Williams - Santa Monica, Email/Phone : 310-463-2916
The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.
features
Parking
Garage
Community
Sidewalks
PROPERTY INFORMATION
Community Info
Sidewalks
Garage Info
4
Sewer
PublicSewer
Water
Public
EXTERIOR
Lot Description
Item610UnitsAcre
ADDITIONAL INFORMATION
Number of Units
7
Listing Courtesy of Keller Williams - Santa Monica, Email/Phone : 310-463-2916