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Listed by Stephen Takahashi • Lyon Stahl Investment Real Estate, Inc.
$950,000
Est. payment /mo
3,568 SqFt
UPDATED:
12/20/2024 05:27 AM
Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,568 sqft
Price per Sqft $266
MLS Listing ID CRSB24246968
HOA Y/N No
Originating Board Datashare California Regional
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
Fireplace No
Laundry Gas Dryer Hookup, Other
Building
Lot Description Other
Water Public
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