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Backup Offers

1464 Gardenia Ave, Long Beach, CA, 90813

$2,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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1464 Gardenia Ave, Long Beach$2,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1953
MLS #SB24077577
Lot Size0.14 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1464 Gardenia Ave

Totally remodeled, turnkey 8-unit (6+2 brand new ADU's) property in a high demand rental area of Long Beach. Great unit mix with one 3 bed/1 bath unit, five 2 bed/1 bath units, and two brand new 1 bed/1 bath detached ADU's. High yield, low expense property at an in-place cap rate of 5.8% and a GRM of 11.15 with an additional 8% in upside to a market cap rate of 6.5% and a 10.30 GRM. Extensively renovated property including exterior refresh, new windows, main electrical panel, controlled access, low-water landscaping, common areas, and lighting. 5 out of 6 existing units upgraded with new vinyl flooring, new kitchens, bathrooms, paint, and lighting. Two brand new 1 bed/1 bath ADUs just completed at the rear of the property separated by a new turf courtyard. ADUs include mini-split AC units, in-unit laundry hookups, open concept kitchen/living areas, stainless steel appliances, high grade cabinets, quartz countertops, and full-sized bathrooms. Parking for 3-4 cars in the rear of the property.

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Stories: 2

Listing Office:

  • Office Name: Buckingham Investments, Inc
  • Office Phone: (310) 561-4776
  • Listing Agent: Anthony Walker

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: East side of Gardenia, off of Cherry.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,250,000

Tax Information:

  • Annual Amount: $12,483
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$790K

Med. Price/SqFt

$612

Avg. Days On Market

31

# of Sold Homes

174

1464 Gardenia Ave vs Long Beach

13 DAYS ON ROCKET

-18 Days

$2,250,000

+$1.4M More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SB24077577

Listing Office:

  • Office Name: Buckingham Investments, Inc
  • Office Phone: (310) 561-4776
  • Listing Agent: Anthony Walker

IDX 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: 5/1/2024, 7:25:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 28, 2004Home Sold
$731,000
Mar 11, 2002Home Sold
$94,500

Tax History

YEARPROP. TAXASSESSMENT
2021$12,483$960,167
2020$12,304$950,322
2019$11,918$931,689
2018$11,791$913,422
2017$11,791$895,513

History based on county public records data.

Payment Calculator

$11.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,812

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4339214
2
/10

  • Whittier Elementary School

  • 1761 Walnut Ave

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-4339215
6
/10

  • Lincoln Elementary School

  • 1175 E 11th St

  • 0.57 miles

  • Public District Grades KG-5

school-card-donut-4339216
5
/10

  • Lee Elementary School

  • 1620 Temple Ave

  • 0.58 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,278. Residents of Long Beach, CA typically earn less than $35k each year. Most families are married, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1464 Gardenia Ave

What is the listing price of this property?

The listing price of 1464 Gardenia Ave property is $2,250,000.

What type of property is this?

The property 1464 Gardenia Ave is a condo located in Long Beach, California, 90813.

Is this property for sale now?

Accepting Backup Offers: 1464 Gardenia Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $12,483 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 28, 2004 for $731,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1464 Gardenia Ave is 1953.

Rocket Homes›California›Los Angeles County›Long Beach›90813›1464 Gardenia Ave

This home is located at 1464 Gardenia Ave in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This home, which was built in 1953, sits on a 0.14 acre lot. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $2,250,000.

Long Beach, CA housing market in March 2024 saw over 76 listings sold above listed price, more than 39 sold at listed price and over 59 sold below. The number of listings in Long Beach, CA increased by 1.8% between February 2024 and March 2024. In March 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $790,000.

From Rocket Homes Real Estate and based on county public records data.

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