San Clemente - Ali Ardabili Team
1/12
Listed By: Lyon Stahl Investment Real Estate, Inc., 310-403-9145, Stephen Takahashi
Listing Sold By: Lyon Stahl Investment Real Estate, Inc.
Local Realty Services Provided By: Keller Williams Realty Pacific Estates
Overview
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$1,000,000
1040 Gardenia, Long Beach, CA 90813
3,568 sq ft
.15 ac
$1,000,000

1040 Gardenia, Long Beach, CA 90813

Estimation provided by Keller Williams Realty Inc.
3,568 sq ft
.15 ac
Closed
Sold

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!

Property Details

Compare This Home
Overview
Property Type
Apartment
Property Size
3,568 sq ft
Year Built
1925
Days on Site
108 Days
Parking
4 Parking Spaces
Ardabili and Associates
Keller Williams OC Coastal Realty
01905747

Activity History

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Price & Tax History

Date
Event
Price
12/10/2024
Listed
$950,000
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
$4,952
(-18.93%)
$451,732
Land 328,759 + Additions 122,973
2022
$6,109
(+2.4%)
$434,193
Land 315,994 + Additions 118,199
2021
$5,966
(+32.95%)
$434,193
Land 315,994 + Additions 118,199
2019
$4,487
(+5.02%)
$312,260
Land 243,642 + Additions 68,618
2017
$4,273
$300,136
Land 234,182 + Additions 65,954
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.

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Car-Dependent Walkable Very Walkable
Ardabili and Associates
Keller Williams OC Coastal Realty
01905747

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