1442 Gardenia Ave, Long Beach, CA 90813
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1442 Gardenia Ave Long Beach, CA 90813

$1,325,000 Sold Price as of 05/10/2019
  • 7 Beds
  • 7 Baths
  • 3,551 Sq.Ft.
Sold
$1,325,000 Sold Price as of 05/10/2019 Refinance Your Mortgage

Map preview of 1442 Gardenia Ave, Long Beach, CA 90813

Property Overview: 1442 Gardenia Ave Long Beach, CA has 7 bedrooms, 7 bathrooms, 3,551 living square feet and 12,140 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This turn key bread and butter complex is a must add for the savvy investors portfolio! Super rare 2 SEPARATE PARCELS with separate utilities to each parcel. You have the ability to sell one down the road! Wonderful tenants and lovely units have all been recently remodeled inside and out. Brand new interior & exterior paint, flooring & fixtures. New fencing and huge private patios for each unit. All appliances also included. The lot is just under 13,000 square feet and has new drought tolerant landscaping & Zeroscape installed. All units are offered assigned off-street parking for up to 10 cars! Rarely a vacancy these units are awesome! On site laundry and coin operated washer & dryer offers additional income to the owner. Still room left for rental increases. Fantastic units, huge lot, loads of parking, great tenants and room for rental increases. Great mix of units (2) 2+1, (2) 1+1 and (3) studios. This is the the best 7 unit complex on the market and the owner wants it sold!

Listed by Shawn Mohler | BRE #01910887 | The Mohler Real Estate Group
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 69

Home details

Lot Sq. Ft
12,140
HOA Dues
$0/mo
Year built
1948
Garage
1 Car
Property Type:
Apartment
Status
Sold
MLS#
PW19043208
City
Long Beach
County
Los Angeles
Time on Site
1346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,332
  • Total Rent: $1,332
  • Pro Forma/Market Rent: $1,425
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,225
  • Total Rent: $1,225
  • Pro Forma/Market Rent: $1,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,450
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,425
  • Total Rent: $1,425
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $775
  • Total Rent: $775
  • Pro Forma/Market Rent: $950
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,575
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $110,172
  • Net Operating Income: $103,452
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $7,320
  • Electric: $340
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $40
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $230

Property Details for 1442 Gardenia Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace, Electric
Laundry Information
  • Has Laundry
  • Community, Dryer Included, Gas Dryer Hookup, Individual Room, Washer Hookup, Washer Included
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
Kitchen Information
  • Has Appliances
  • Gas Cooktop, Refrigerator
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • Block, Wood
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned, Driveway, Concrete, Garage Faces Front
Lot Information
  • Lot Features: Landscaped, Level with Street, Lot 10000-19999 Sqft, Near Public Transit
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 7261017015
  • Year Built Source: Assessor
  • Architectural Style: Mid Century Modern
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: North of Anaheim West of Cherry
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

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Sale History for 1442 Gardenia Ave

Last sold for $1,325,000 on May 10th, 2019
  • May, 2019

  • May 13, 2019

    Date

    Sold

    CRMLS: PW19043208

    $1,325,000

    Price

  • May 7, 2019

    Date

    Pending

    CRMLS: PW19043208

    $1,370,000

    Price

  • Feb 26, 2019

    Date

    Active

    CRMLS: PW19043208

    $1,370,000

    Price

  • May, 2019

  • May 9, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,325,000

    Price

  • April, 2019

  • Apr 2, 2019

    Date

    Expired

    CRMLS: PW18243210

    $889,900

    Price

  • Dec 17, 2018

    Date

    Withdrawn

    CRMLS: PW18243210

    $889,900

    Price

  • Dec 5, 2018

    Date

    Active

    CRMLS: PW18243210

    $889,900

    Price

  • Dec 4, 2018

    Date

    Active Under Contract

    CRMLS: PW18243210

    $889,900

    Price

  • Nov 13, 2018

    Date

    Price Change

    CRMLS: PW18243210

    $889,900

    Price

  • Oct 20, 2018

    Date

    Price Change

    CRMLS: PW18243210

    $895,900

    Price

  • Oct 15, 2018

    Date

    Price Change

    CRMLS: PW18243210

    $914,900

    Price

  • Oct 6, 2018

    Date

    Active

    CRMLS: PW18243210

    $934,900

    Price

  • Listing provided courtesy of CRMLS

    Wow! This place is gorgeous and totally turn key! Every unit has been updated with awesome tenants. So much to offer here units go quick! 4 lovely units situated on a huge lot with new paint, flooring, landscaping fencing and private patios to each unit! This one is a must see today! The best 4 unit on the market right now!! Perfect for the savvy investor wanting a bread and butter absolutely turn key property!! The owner wants this sold today!!

  • March, 2019

  • Mar 19, 2019

    Date

    Expired

    CRMLS: PW18247791

    $1,400,000

    Price

  • Dec 18, 2018

    Date

    Withdrawn

    CRMLS: PW18247791

    $1,400,000

    Price

  • Dec 11, 2018

    Date

    Price Change

    CRMLS: PW18247791

    $1,400,000

    Price

  • Dec 6, 2018

    Date

    Price Change

    CRMLS: PW18247791

    $1,425,000

    Price

  • Dec 5, 2018

    Date

    Price Change

    CRMLS: PW18247791

    $1,455,000

    Price

  • Dec 5, 2018

    Date

    Active

    CRMLS: PW18247791

    $1,475,000

    Price

  • Dec 4, 2018

    Date

    Active Under Contract

    CRMLS: PW18247791

    $1,475,000

    Price

  • Nov 16, 2018

    Date

    Price Change

    CRMLS: PW18247791

    $1,475,000

    Price

  • Nov 13, 2018

    Date

    Price Change

    CRMLS: PW18247791

    $1,550,000

    Price

  • Oct 20, 2018

    Date

    Price Change

    CRMLS: PW18247791

    $1,595,900

    Price

  • Oct 15, 2018

    Date

    Price Change

    CRMLS: PW18247791

    $1,619,900

    Price

  • Oct 11, 2018

    Date

    Active

    CRMLS: PW18247791

    $1,669,890

    Price

  • Listing provided courtesy of CRMLS

    This turn key bread and butter complex is a must add for the savvy investors portfolio! Wonderful tenants and spacious units have all been recently remodeled inside and out. Brand new interior & exterior paint, brand new fencing and private patios for each unit! The lot is just under 13,000 square feet and has had brand new drought tolerant landscaping & zeroscape installed! All units are offered off street parking for added convenience to the tenants. Rarely a vacancy these units are awesome! On site laundry offers additional income to the owner. Still room left for rental increases. Another rare feature for this complex is that they are actually 2 separate properties. Purchase and have the ability to sell one down the road!! The Long Beach rental market is hot, this is AN AMAZING BUY!!! Lowest priced building of this size on the market currently and the owner is open to offers he wants this sold!!!

  • April, 2018

  • Apr 6, 2018

    Date

    Sold

    CRMLS: PW18021696

    $1,065,000

    Price

  • Mar 27, 2018

    Date

    Pending

    CRMLS: PW18021696

    $1,025,000

    Price

  • Feb 28, 2018

    Date

    Active Under Contract

    CRMLS: PW18021696

    $1,025,000

    Price

  • Feb 13, 2018

    Date

    Active

    CRMLS: PW18021696

    $1,025,000

    Price

  • Feb 6, 2018

    Date

    Pending

    CRMLS: PW18021696

    $1,025,000

    Price

  • Feb 6, 2018

    Date

    Price Change

    CRMLS: PW18021696

    $1,025,000

    Price

  • Jan 29, 2018

    Date

    Active

    CRMLS: PW18021696

    $1,050,000

    Price

  • Listing provided courtesy of CRMLS

    Two Separate parcels! Built in exit strategy - Sell them as two separate properties 1442 Gardenia - 7261-017-015 - 4 units built in 1923 (3) 1+1, (1) 0+1 1446 Gardenia - 7261-017-014 - 3 units built in 1938 (2) 2+1, (1) 0+1 Total land area is over 12,000 sf with (5) paved surface spots. Lots of open space will allow for additional income from +/- 10 additional parking spaces for others Under Market Rents - Most units offer all tile flooring. Master metered for Electric and Gas The complex is situated near the intersection of Anaheim Street and Cherry Avenue, just northeast of Downtown Long Beach. The location offers easy access to central Downtown Long Beach, Port areas, San Pedro, Signal Hill and 405 freeway. Ample grocery, restaurant and other retail establishments are located within a short distance to the property.

  • February, 2009

  • Feb 19, 2009

    Date

    Sold (Public Records)

    Public Records

    $230,000

    Price

Show More

Tax History for 1442 Gardenia Ave

Assessed Value (2020): $739,760
Year Land Value Improved Value Assessed Value
2020 $459,000 $280,760 $739,760

Home Value Compared to the Market

This property vs the competition

1442 Gardenia Ave sold on May 10, 2019 for 64.6% higher than the current median sold price for the city of Long Beach which is $832,312. The median sold price per/sqft for Long Beach is $616 and this home is sold at $385.81 per/sqft which puts the price per square foot 37.37% lower than the current median sale per square foot for the city of Long Beach.

About 1442 Gardenia Ave

Detailed summary of property

1442 Gardenia Ave is a apartment that recently sold in Long Beach, CA 90813. This apartment offered 7 bedrooms, 7 bathrooms, roughly 3,551 living square feet, and sits on an approximately 12,140 square foot lot. 1442 Gardenia Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,325,000. Home in Long Beach are selling for a median price of $832,312 and a median price per square foot of $616. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 64.6% higher than the current median priced home. Local homes that are currently for sale include 3239 E Wilton St, 1731 E 3rd St and 1525 Redondo Ave. While the average home in Long Beach, CA is selling in 59 days, 1442 Gardenia Ave has a days on market of 69 days. There are currently 529 homes for sale in the Long Beach real estate market and 287 of them are single family homes while 229 of them are condos and 13 are townhomes. For more information on this home for sale at 1442 Gardenia Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1442 Gardenia Ave

Public county record property details
Beds
3
Baths
5
Year built
1921
Sq. Ft.
1,871
Lot Size
6,076
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
7261-017-015

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$570,000
Median List Price/Sq.Ft.
$576
Median Sold Price
$535,000
Median Sold Price/Sq.Ft.
$514
Total Inventory
36
Median Sale to List Price %
101.92%
Avg Days on Market
26
Loan Type
Conventional (30%), FHA (10%), VA (10%), Cash (10%), Other (10%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.