Anthony Walker
This listing was posted on RealtyWW.
$2,250,000
Home For Sale In Long Beach, California
Price:
$2,250,000
BR/BA:
10+ BR, 8 BA
Location:
1464 Gardenia Ave, Long Beach, CA
Description:
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.For more details: https://realtyww.info/homes_long-beach-d523493/for-sale_i71795136
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More About this Listing: Home For Sale In Long Beach, California
Home For Sale In Long Beach, California is a 10+ BR Eight Bath Single-Family Homes for Sale at 1464 Gardenia Ave in Long Beach CA. Find other listings like Home For Sale In Long Beach, California and listings near 1464 Gardenia Ave by searching Oodle Classifieds for 10+ BR Eight Bath Single-Family Homes for Sale in Long Beach CA.
Home For Sale In Long Beach, California is a 10+ BR Eight Bath Single-Family Homes for Sale at 1464 Gardenia Ave in Long Beach CA. Find other listings like Home For Sale In Long Beach, California and listings near 1464 Gardenia Ave by searching Oodle Classifieds for 10+ BR Eight Bath Single-Family Homes for Sale in Long Beach CA.