1850 Gardenia Avenue Long Beach, CA ^$ 3,650,000

1850 Gardenia Avenue

^$ 3,650,000

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1850 Gardenia Avenue

Long Beach, CA, 90806

^$ 3,650,000

Studio Baths1.0 Sq 12,700

Monthly Estimate*

^$ 22,771

Listed by Lyon Stahl Investment Real Estate, Inc.

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Studio

Multi-Family Home for sale in Long Beach, CA

for $3,650,000 with 1 full bath. This 12,700 square foot home was built in 1964 on a lot size of 0.2958.

**Price Improvement November 2025! ** Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 7.14% CAP Rate and a 9.50 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. On-site Parking. 28 Total Parking, 10 in front and 9 tandem in rear 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.

Multi-Family Active

Price

^$ 3,650,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2958

Year Built

1964

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB25119351

Days on Market

212

Features

General

Sewer Public Sewer

Zoning LBR3S

Garage Spaces 0

Pool Features None

Year Built 1964

Property Subtype Apartment

Gross Income 372701

Community Features Urban

County Los Angeles

Net Operating Income 260740

Operating Expense 111961

Insurance Expense 0

New Construction 0

Property Type Residential Income

Garage Y/N 0

Special Listing Conditions Standard

Status Active

Directions Off of E PCH and Cherry Ave

City Long Beach

Entry Location 1

Senior Community Y/N 0

Number Of Units Total 17

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 12887

Carport Spaces 17

Carport Y/N 1

Listing Terms Cash Cash to New Loan Conventional 1031 Exchange

Property Attached Y/N 1

Land Lease Y/N 0

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N 0

Rent Control Y/N 1

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 6

Property Sub Type Additional Apartment

Expected Active Date 2025-05-29

Taxes 45625

Cap Rate 7.14

Interior

Total Stories 2

Common Walls 2+ Common Walls

Laundry Features Common Area Inside

Entry Level 1

Exterior

Parking Features Assigned

Lot Features 0-1 Unit/Acre

Water Source Public

Total Parking 17

Lot Size Area 12887

Number of Buildings 1

Building Area Total 12700

Lot Size Acres 0.2958

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 17

Number of Separate Electric Meters 18

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

cameron@lyonstahl.com

Affordability Calculator

$22,771

Per Month

Monthly Principal & Interest: $22,771
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,856,477

Percent of Sale Price 49%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$3,650,000		Listed Price

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1850 Gardenia Avenue, Long Beach, CA, 90806 is a Multi-Family Home for sale at $3,650,000 with 12,700 sqft and a lot size of 0.2958. 1850 Gardenia Avenue is a studio with 1.0 baths and was built in 1964. The property's zip code is 90806 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/25/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1850 Gardenia Avenue

Multi-Family Home for sale in Long Beach, CA

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