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811 Gardenia Ave, Long Beach, CA 90813
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811 Gardenia Ave Long Beach, CA 90813

$2,395,000
  • 23 Beds
  • 8 Baths
  • 6,364 Sq.Ft.
For Sale
$2,395,000 Get Pre-Qualified
Map preview of 811 Gardenia Ave, Long Beach, CA 90813

Property Overview: 811 Gardenia Ave Long Beach, CA has 23 bedrooms, 8 bathrooms, 6,364 living square feet and 6,198 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 811 Gardenia is a well-positioned 7-unit asset located in Long Beach, California. The property is priced at a 5.58% cap and 12.0 GRM on current rents. Built in 1963, The asset has a strong unit mix comprised of (1) 6BD/2BA, (1) 4BD/1BA, (3) 3BD/1BA and (2) 2BD/1BA units. Most of the units have been partially upgraded with new floors, countertops, fixtures and paint. The property has four (4) garages and a laundry room providing additional income. New ownership also has the opportunity to convert garages to ADUs for increased income.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 12 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 130
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Home details

Lot Sq. Ft
6,198
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW23229475
City
Long Beach
County
Los Angeles
Time on Site
132 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,266
  • Total Rent: $6,798
  • Pro Forma/Market Rent: $2,302
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 6
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,552
  • Total Rent: $2,552
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $3,990
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.58%
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $199,633
  • Net Operating Income: $133,736
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $59,908
  • Electric: $1,174
  • Gas/Fuel: $1,174
  • Licenses: $1,500
  • New Taxes: $30,465
  • Trash: $1,174
  • Gardener: $1,200
  • Insurance: $5,168
  • Maintenance: $4,900
  • Professional Management: $8,714
  • Water/Sewer: $1,174
  • Other Expenses: $2,100
  • Other Expense Description: Reserves

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Property Details for 811 Gardenia Ave

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 7267016027
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: E 7th St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 811 Gardenia Ave

Last sold for $805,000 on March 2nd, 2005

  • December, 2023

  • Dec 22, 2023

    Date

    Active

    CRMLS: PW23229475

    $2,395,000

    Price

  • December, 2022

  • Dec 21, 2022

    Date

    Canceled

    CRMLS: OC22221187

    $2,400,000

    Price

  • Oct 12, 2022

    Date

    Active

    CRMLS: OC22221187

    $2,500,000

    Price

  • Listing provided courtesy of CRMLS

    811 Gardenia Avenue is a 7-unit multifamily investment property located in Long Beach, a premier rental market in Los Angeles County, California. Built in 1963, 811 Gardenia Avenue features a unique mix of two, three, four, and six-bedroom units. The property offers amenities including gated access, tandem garage and surface parking, security doors, and on-site laundry. 811 Gardenia Avenue offers an investor the opportunity to potentially add up to two accessory dwelling units.

  • March, 2005

  • Mar 2, 2005

    Date

    Sold (Public Records)

    Public Records

    $805,000

    Price

  • December, 1994

  • Dec 15, 1994

    Date

    Sold (Public Records)

    Public Records

    $189,000

    Price

Show More

Tax History for 811 Gardenia Ave

Assessed Value (2020): $1,026,010
Year Land Value Improved Value Assessed Value
2020 $382,362 $643,648 $1,026,010

Home Value Compared to the Market

This property vs the competition

811 Gardenia Ave is listed 199.41% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $376.34 per/sqft which puts the price per square foot 41.56% lower than the median price per square foot for the city of Long Beach.

About 811 Gardenia Ave

Detailed summary of property

811 Gardenia Ave is a mixed use located in Long Beach, CA 90813 and is currently for sale. This mixed use property offers 23 bedrooms, 8 bathrooms, roughly 6,364 living square feet, and sits on an approximately 6,198 square foot lot. 811 Gardenia Ave was first listed on ArdentRealEstateGroup.com on December 23, 2023. The homeowner is currently asking $2,395,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 199.41% higher than the median priced home. Local competing homes currently for sale include 4130 E 10th St, 1756 Pacific Ave and 1151 Daisy Ave. While the average home in Long Beach, CA is selling in 54 days, 811 Gardenia Ave has a days on market of 130 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 811 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 811 Gardenia Ave

Public county record property details
Beds
15
Baths
8
Year built
1963
Sq. Ft.
6,364
Lot Size
6,198
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
7267-016-027

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
$695,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
28
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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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.

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