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1850 Gardenia Avenue, Long Beach CA 90806
1850 Gardenia Avenue, Long Beach CA 90806
1850 Gardenia Avenue, Long Beach CA 90806
1850 Gardenia Avenue, Long Beach CA 90806
1850 Gardenia Avenue, Long Beach CA 90806
1850 Gardenia Avenue, Long Beach CA 90806
1850 Gardenia Avenue, Long Beach CA 90806
1850 Gardenia Avenue, Long Beach CA 90806
1850 Gardenia Avenue, Long Beach CA 90806
1850 Gardenia Avenue, Long Beach CA 90806
California>Long Beach>Sunrise

1850 Gardenia AvenueLong Beach, CA 90806

For Sale

$3,750,000

Smart Buyer Rebate $37,500

Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 6.3% CAP Rate and a 9.82 GRM! This two-story asset features a favorable unit mix of (4) one-bedroom/one-bath units and (13) two-bedroom/one-bath units, catering to strong rental demand in the area.

Located in a quiet residential neighborhood near Signal Hill, the property offers tenants easy access to schools, parks, shopping centers,
and major freeways (405, 710, and 605). With upside in rents and continued demand for quality multifamily housing in Long Beach, this
property presents an excellent opportunity for investors seeking long-term growth and cash flow.

Listed by Cameron Samimi

·

License #02035763

·

Lyon Stahl Investment Real Estate, Inc.

·

310-259-7556

Last updated October 20, 2025

·

Source: CRMLS #SB25119351

Listing Facts

  • TypeMulti-family
  • NeighborhoodSunrise
  • Days on Prevu146

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

10/20/2025
Price Decreased
$3,750,000
10/18/2025
Status changed to Active
$3,799,000
10/16/2025
Status changed to Removed from Feed
$3,799,000
09/30/2025
Price Decreased
$3,799,000
09/20/2025
Status changed to Active
$3,900,000
09/19/2025
Status changed to Removed from Feed
$3,900,000
09/18/2025
Status changed to Active
$3,900,000
09/17/2025
Status changed to Removed from Feed
$3,900,000
09/12/2025
Status changed to Active
$3,900,000
09/08/2025
Status changed to Removed from Feed
$3,900,000
09/07/2025
Status changed to Active
$3,900,000
09/05/2025
Status changed to Removed from Feed
$3,900,000
09/05/2025
Status changed to Active
$3,900,000
09/03/2025
Status changed to Removed from Feed
$3,900,000
07/24/2025
Status changed to Active
$3,900,000
07/23/2025
Status changed to Removed from Feed
$3,900,000
06/28/2025
Status changed to Active
$3,900,000
06/27/2025
Status changed to Removed from Feed
$3,900,000
05/29/2025
Listed by Lyon Stahl Investment Real Estate, Inc.
$3,900,000

Property Details for 1850 Gardenia Avenue

Association

Amenities

  • Community Features: Urban

Exterior

Construction

  • Number Of Units Total: 17
  • Property Attached: Yes
  • Stories Total: 2
  • Year Built: 1964
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 12,700
  • Building Area Units: Square Feet
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.29
  • Lot Size Area: 12,887
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12,887
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.3
  • Gross Income: $350,153.00
  • Operating Expense: $114,000.00

Taxes

  • Parcel Number: 7216032020

Other

Location

  • Tax Lot: 6

Parking

Parking

  • Carport Spaces: 17
  • Carport: Yes
  • Parking Features: Assigned
  • Parking Total: 17

Utilities

Equipment

  • Laundry Features: Common Area, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.