Backup offers
#OC25117518, Jason Kirklen, Listing office: Kirklen Investment Group
#SB25119351·
Listing office: Lyon Stahl Investment Real Estate, Inc.·
Listing agent: Cameron Samimi·
Listing office phone: 310-259-7556
$3,900,000 List price
1850 Gardenia Ave Long Beach, CA 90806
0.3 acres
Condo
Property details
About 1850 Gardenia Ave
Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 6.05% CAP Rate and a 10.58 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. 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.
Highlights
Home typeCondominium
StatusActive
Lot size0.2958 Acres
Year built1964
ParkingAssigned
MLS #SB25119351
Summary
- Private Pool: No
- Parking: Assigned
- List Price: $3,900,000
- Annual Tax Amount: $25,710
- Tax Year: 2024
- Directions: Off of E PCH and Cherry Ave
- Year Built: 1964
- Stories: 2
- Lot Size: 0.2958 Acres
- MLS Number: SB25119351
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 259-7556
- Listing Agent: Cameron Samimi
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/15/2025, 8:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 05, 2011 | Home Sold | $44,000 |
| Aug 30, 2005 | Home Sold | $2,175,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,801,196 | $25,710 |
| 2023 | $1,765,880 | $25,252 |
| 2022 | $1,731,256 | $23,760 |
| 2021 | $1,697,311 | $23,202 |
| 2020 | $1,679,909 | $22,869 |
| 2019 | $1,646,971 | $22,140 |
| 2018 | $1,614,679 | $21,904 |
| 2017 | $1,583,020 | $21,904 |
History based on county public records data.
Nearby schools
4
John G. Whittier Elementary School
Public District KG-5
0.3 mi
•1761 Walnut Ave
8
Alvarado Elementary School
Public District KG-5
0.4 mi
•1400 E 20th St
7
Signal Hill Elementary School
Public District KG-5
0.6 mi
•2285 Walnut Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,903. Most Long Beach, CA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
63%
<35k
37%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
38%
Single, No Kids
25%
Single, with Kids
14%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
12%
12-17 yrs old
29%
18-34 yrs old
35%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
Burlington
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
White Castle
What do the neighbors drive?
Dodge
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1850 Gardenia Ave
The listing price of 1850 Gardenia Ave property is $3,900,000.
The property 1850 Gardenia Ave is a condo located in Long Beach, California, 90806.
Active Listing: 1850 Gardenia Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1850 Gardenia Ave are: John G. Whittier Elementary School (GreatSchools Rating 4/10), Alvarado Elementary School (GreatSchools Rating 8/10), Signal Hill Elementary School (GreatSchools Rating 7/10), Jessie E. Nelson Academy (GreatSchools Rating 4/10), Franklin Classical Middle School (GreatSchools Rating 4/10), Jefferson Leadership Academies (GreatSchools Rating 7/10), Clear Passage Educational Center (GreatSchools Rating 1/10), Polytechnic High School (GreatSchools Rating 6/10), Richard D. Browning High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $25,710 (source: MLS/based on county public records data).
The last sale was on August 5, 2011 for $44,000 (source: MLS/tax record).
The property at 1850 Gardenia Ave has 0 bathroom.
The year of construction for 1850 Gardenia Ave is 1964.
This home is located at 1850 Gardenia Ave in Long Beach, CA and zip code 90806 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 29, 2025 and is currently priced at $3,900,000.
Long Beach, CA housing market in June 2025 saw over 73 listings sold above listed price, more than 33 sold at listed price and over 90 sold below. Between May and June 2025, Long Beach, CA real estate market has seen increase in the number of listings by 4.8%. While the average time on the market in June 2025 was 34 days, the median list price was $836,224.
From Rocket Homes Real Estate and based on county public records data.