James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

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listing
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Residential IncomeFor Sale
$2,395,000
811 Gardenia Avenue
Long Beach, CA 90813
Listed by Robert Stepp DRE#01456379 [email protected] Keller Williams - Santa Monica
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$12,463/mo

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.

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Information courtesy of Keller Williams - Santa Monica is subject to verification and is not guaranteed.
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