1868 Gardenia Avenue, Long Beach, CA 90806

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Beds

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Baths

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Sq ft

About this home

An exceptional value-add opportunity in Long Beach, 1868 Gardenia Ave is a well-maintained 6-unit multifamily asset with no local rent control and subject only to statewide AB 1482 (5% + CPI). The property features an optimal unit mix of all 2-bedroom, 1-bathroom layouts, providing strong tenant demand and significant upside in rents. Recent improvements include new roof and fresh exterior paint. Rare for the area, the property includes 12 off-street parking spaces (two tandem spots per unit) maximizing tenant retention and rental rates. Positioned near key commuter routes, dining, and retail hubs, this property presents a compelling acquisition for investors seeking entry into one of Southern California's premier rental markets.

Type

Apartment

Year built

1958

Lot

6,451 sq ft

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$10,090/mo

Principal & interest$8,090
Property tax (est.)$1,533
Home insurance (est.)$467

Down payment: 20% ($320,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Stephen Jeong, Keller Williams Realty Irvine, 714-309-2708. MLS# PW26178105. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:44 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.