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4,008 sqft

$1,600,000

1868 Gardenia Avenue, Long Beach CA, 90806

Price per sqft$399.20
Built in1958
Property size4,008 sqft
Property typeCondominium

Overview

Active

Listed Aug 14, 2026

Updated Aug 15

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.

$10,645/mo

Est. mortgage payment based on a $1,600,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
PW26178105

Interior Features

Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Maintenance Expense
$4,869
55+/Senior Community
No

Also listed on CLAW

Listed by Stephen Jeong, Keller Williams Realty Irvine, CA DRE 01967125

Listing Contact: 714-309-2708 

Based on information from the CRISNet MLS as of 8/15/2026, 3:22 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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