NOT LISTED FOR SALE

1119 Gardenia Ave Long Beach, CA 90813

Cambodia Town Neighborhood

Estimated Value: $1,506,000 - $1,672,776

8 Beds
8 Baths
4,065 Sq Ft
$391/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $1,535,000 $378 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,003/month

28 Days on Market

About This Home

As of April 2022

1119 Gardenia Avenue is a 8-unit multifamily investment opportunity located in the Hellman District of Long Beach. This value-add opportunity is located in an opportunity zone.

Last Agent to Sell the Property

Mike O’Neill

CB Richard Ellis, Inc. License #02036937 Listed on: 02/14/2022

Last Buyer's Agent

Daniel Blackwell

CB Richard Ellis, Inc. License #01854961

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • 7,779 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 4,065 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Community Details

  • 3 Buildings
  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 7261-030-020

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Living Area: 4065
  • Lot Acreage: 0.1786
  • Stories: 2
  • Year Built: 1931
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 381.30

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 4

Lot Info

  • Assessed Improvement Percent: 62.86
  • Assessed Improvement Value: 211407
  • Assessed Land Percent: 37.14
  • Assessed Land Value: 124914
  • Total Assessed Value: 336321
  • Assessor Parcel Number: 7261-030-020
  • Lot Size Area: 7779

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.45
  • Number Of Units: 8
  • Type Of Units: Apartments

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
Apr 4, 2022
Sold by
Polak Michael F and Farmers & Merchants Tr Co/Long B
Bought by
Fl Sun Llc
Seller's Agent
Mike O’Neill
CB Richard Ellis, Inc.
Buyer's Agent
Daniel Blackwell
CB Richard Ellis, Inc.
List Price
$1,550,000
Sold Price
$1,535,000
Premium/Discount to List
-$15,000
-0.97%
Current Estimated Value
$1,589,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,388
Avg. Annual Appreciation
0.92%
Original Mortgage
$1,000,000
Outstanding Balance
$928,940
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$660,448

Purchase Details

Closed on
Jun 29, 2017
Sold by
Pace Jacqueline
Bought by
Prope Pace Jacqueline and Prope Jacqueline Pace Separate
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fl Sun Llc -- Ticor Title
Prope Pace Jacqueline -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fl Sun Llc $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2022 04/08/22 Sold $1,535,000 -1.0% $378 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $1,550,000 -- $381 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $21,305 $1,628,954 $1,061,208 $567,746
2024 $21,305 $1,597,014 $1,040,400 $556,614
2023 $25,823 $1,958,400 $1,326,000 $632,400
2022 $5,487 $343,047 $127,412 $215,635
2021 $5,339 $336,321 $124,914 $211,407
2019 $5,264 $326,348 $121,210 $205,138
2018 $5,022 $319,950 $118,834 $201,116
2016 $4,625 $307,527 $114,220 $193,307
2015 $4,463 $302,909 $112,505 $190,404
2014 $4,478 $296,977 $110,302 $186,675
Source: Public Records

Agents Affiliated with this Home

  • Mike O’Neill

    Seller's Agent in 2022

    Mike O’Neill

    CB Richard Ellis, Inc.

    (949) 725-8500

    1 in this area

    54 Total Sales

    Mike O’Neill
    Section Image
  • Daniel Blackwell

    Buyer's Agent in 2022

    Daniel Blackwell

    CB Richard Ellis, Inc.

    (949) 423-6111

    1 in this area

    51 Total Sales

    Daniel Blackwell
    Section Image
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Map

Source: The MLS

MLS Number: 22-127735

The MLS

APN: 7261-030-020

California Los Angeles County Long Beach 90813 Cambodia Town

1119 Gardenia Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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