1868 Gardenia Avenue
Long Beach, CA 90806
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Bed
0
Bath
6,451Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1958Building Area Total: 4008Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 6451 Lot Size Acres: 0.1481 Lot Size Source: Assessor Lot Size Square Feet: 6,451 Lot Description: LevelProperty Information
Subdivision: other Source Property Type: ResidentialIncome Property SubType: Apartment Levels: Two Property Age: 68
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Listing Price Information
Listing Price: $1600000Cash, CashToNewLoan, Conventional, Exchange1031
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Tax Information
Parcel Number: 7216032004 Tax Lot: 4
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Virtual Tour
Parking Information
Parking Total: 12 Assigned, Tandem, Uncovered
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Location Information
Direction: CLA WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1354 E Wesley, Long Beach, CA, 90806 | $988,000 | 4 | 4 | -- | |
| 1958 Pine, Long Beach, CA, 90806 | $2,030,000 | 16 | 9 | -- | |
| 1952 Pine, Long Beach, CA, 90806 | $1,565,000 | 8 | -- | -- |
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ByOwner last updated this listing 08/14/2026 @ 14:12
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