1464 Gardenia Avenue Long Beach, CA 90813
Multi-Family (2-4 Units)
MLS #: SB24077577
Courtesy Of Buckingham Investments, Inc.
$2,250,000
15 beds
|
8 baths
|
5,112 sq ft
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Estimated monthly payments:
$9,836/mo.* (recalculate)
Property InformationDescription
Totally remodeled, turnkey 8-unit (6+2 brand new ADU's) property in a high demand rental area of Long Beach. Great unit mix with one 3 bed/1 bath unit, five 2 bed/1 bath units, and two brand new 1 bed/1 bath detached ADU's. High yield, low expense property at an in-place cap rate of 5.8% and a GRM of 11.15 with an additional 8% in upside to a market cap rate of 6.5% and a 10.30 GRM. Extensively renovated property including exterior refresh, new windows, main electrical panel, controlled access, low-water landscaping, common areas, and lighting. 5 out of 6 existing units upgraded with new vinyl flooring, new kitchens, bathrooms, paint, and lighting. Two brand new 1 bed/1 bath ADUs just completed at the rear of the property separated by a new turf courtyard. ADUs include mini-split AC units, in-unit laundry hookups, open concept kitchen/living areas, stainless steel appliances, high grade cabinets, quartz countertops, and full-sized bathrooms. Parking for 3-4 cars in the rear of the property.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Roof Type: Unknown
- Rooms: Bedroom, Full Bath
MAP & DIRECTIONS
School Information
1464 Gardenia Avenue, Long Beach, CA 90813
Elementary School
Grades KG-5 |
Public School
JOHN G. WHITTIER ELEMENTARY SCHOOL
Long Beach, CA 90813
1761 Walnut Ave
562.599.6263
Distance: 0.3 mi
School Rating
C
Student:Teacher Ratio
24:1
Total Students
762
Middle School
Grades 6-8 |
Public School
FRANKLIN CLASSICAL MIDDLE SCHOOL
Long Beach, CA 90802
540 Cerritos Ave
562.435.4952
Distance: 1.0 mi
School Rating
C-
Student:Teacher Ratio
25:1
Total Students
1200
High School
Grades 9-12 |
Public School
POLYTECHNIC HIGH SCHOOL
Long Beach, CA 90813
1600 Atlantic Ave
562.591.0581
Distance: 0.8 mi
School Rating
B-
Student:Teacher Ratio
25:1
Total Students
4002
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Huntington Academy | 0.2 mi | Private | PK-5 | |
| Jessie E. Nelson Academy | 0.5 mi | Public | 6-8 | C |
| Lincoln Elementary School | 0.6 mi | Public | KG-5 | B- |
| Alvarado Elementary School | 0.6 mi | Public | KG-5 | A- |
| Nieto Herrera Elementary School | 0.6 mi | Public | KG-5 | B- |
| Clear Passage Educational Center | 0.7 mi | Public | 9-12 | |
| Willard Elementary School | 0.8 mi | Public | KG-5 | C |
| Burbank Elementary School | 0.9 mi | Public | KG-5 | B- |
| Signal Hill Elementary School | 0.9 mi | Public | KG-5 | B |
| Oaktree Preschool | 1.0 mi | Private | PK-KG | |
| Roosevelt Elementary School | 1.0 mi | Public | KG-5 | B |
| St Anthony High School | 1.1 mi | Private | 9-12 | |
| St Anthony Elementary School | 1.1 mi | Private | PK-8 | |
| Richard D. Browning High School | 1.1 mi | Public | 9-12 | C+ |
| Montessori On Elm | 1.2 mi | Private | 1-4 | |
| We The People High School | 1.2 mi | Public | 9-12 | |
| Intellectual Virtues Academy | 1.2 mi | Public | 9-12 | C |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Long Beach, CA 90813
| Median Age: | 31.6 |
|---|---|
| Married: | 33% |
| Number of Households: | 16,791 |
| Households with Children: | 40.7% |
Long Beach, CA 90813
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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