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Gardenia Apartments 1850 Gardenia Ave 17 Unit Apartment Building $5,095,108 CAD ($299,712 CAD/Unit) 7.14% Cap Rate Long Beach, CA 90806
INVESTMENT HIGHLIGHTS
- Total Building Size: ±12,700 SF
- Unit Mix: 4 x 1BD/1BA, 13 x 2BD/1BA
- Well-maintained property with strong rental upside
- Lot Size: ±12,887 SF
- On-site Parking
- Operating at a strong CAP 6.67%
EXECUTIVE SUMMARY
**Price Improvement November 2025! ** Presenting a rare opportunity to acquire a well-maintained 17-unit multifamily property currently operating at a 7.14% CAP Rate and a 9.50 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. On-site Parking. 28 Total Parking, 10 in front and 9 tandem in rear
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,095,108 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $299,712 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 7.14% | Building Size | 12,700 SF |
| Gross Rent Multiplier | 9.5 | No. Stories | 1 |
| No. Units | 17 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 2.2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R3S, Long Beach | ||
| Price | $5,095,108 CAD |
| Price Per Unit | $299,712 CAD |
| Sale Type | Investment |
| Cap Rate | 7.14% |
| Gross Rent Multiplier | 9.5 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 12,700 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 2.2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3S, Long Beach |
AMENITIES
UNIT AMENITIES
- Storage Space
SITE AMENITIES
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $8,945 CAD | 550 |
| 2+1 | 13 | $33,424 CAD | 800 |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 7216-032-020 | Total Assessment | $2,564,611 CAD (2025) |
| Land Assessment | $1,227,338 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,337,273 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7216-032-020
Land Assessment
$1,227,338 CAD (2025)
Improvements Assessment
$1,337,273 CAD (2025)
Total Assessment
$2,564,611 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Gardenia Apartments | 1850 Gardenia Ave
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