Michelle Covington
Compass
(323) 416-3171
24 Total Sales
1 in Cambodia Town
$645,000 Price
1464 Gardenia Ave Long Beach, CA 90813
Cambodia Town Neighborhood
16
Beds
8
Baths
5,112
Sq Ft
6,076
Sq Ft Lot
About This Home
As of March 2025Significant Price reduction!!! 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 6.2% and a GRM of 10.61 with an additional 4% in upside to a market cap rate of 6.6% and a 10.13 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.
Last Agent to Sell the Property
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 11/14/2024
Last Buyer's Agent
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 11/14/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1953
Lot Details
- 6,076 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,112 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 16 Bedrooms
- 8 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 2
- Tax Tract Number 5752
- Assessor Parcel Number 7261017011
- $1,372 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
- Poly High Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $854
- Fuel Expense $854
- Insurance Expense $8,946
- Professional Management Expense $9,627
- Trash Expense $428
- Water Sewer Expense $428
- Operating Expense $59,695
- Gross Income $202,560
- Net Operating Income $132,842
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Cambodia Town, CA
-
Michelle Covington
-
Albert Soto
Albert Soto
True Inmobiliaria
(657) 279-5316
86 Total Sales
1 in Cambodia Town
$580,000 Price
-
Marvin Phillip
Marvin Phillip
Y Realty
(562) 740-8346
32 Total Sales
1 in Cambodia Town
$1,250,000 Price
-
Michelle Harding
Michelle Harding
Responds QuicklyKeller Williams Coastal Prop.
(323) 604-1668
36 Total Sales
1 in Cambodia Town
$475,000 Price
-
Ken Morin
Ken Morin
Responds QuicklyCentury 21 Masters
(951) 397-2091
20 Total Sales
1 in Cambodia Town
$360,000 Price
-
Dave Chamberlain
Dave Chamberlain
Responds QuicklyTeam Chamberlain Realty Exe.
(657) 239-3671
129 Total Sales
1 in Cambodia Town
$632,500 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,065,000 | Ticor Title Company | ||
| Random 6 Llc | $1,600,000 | New Title Company Name | |
| Marrujo Ernest | -- | Diversified Title & Escrow S | |
| Ramey Scott | $731,000 | Diversified Title & Escrow S | |
| Marrujo Ernest | $253,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,156,400 | ||
| Previous Owner | Random 6 Llc | $1,600,000 | |
| Previous Owner | Random 6 Llc | $1,280,000 | |
| Previous Owner | Ramey Scott | $501,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/06/2025 03/06/25 | Sold | $2,065,000 | -4.0% | $404 / Sq Ft | |
| 11/14/2024 11/14/24 | For Sale | $2,150,000 | +34.4% | $421 / Sq Ft | |
| 03/22/2022 03/22/22 | Sold | $1,600,000 | 0.0% | $378 / Sq Ft | View Prior Sale |
| 02/12/2022 02/12/22 | Pending | -- | -- | -- | |
| 02/11/2022 02/11/22 | For Sale | $1,600,000 | -- | $378 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $23,054 | $2,106,300 | $1,122,000 | $984,300 |
| 2025 | $23,054 | $1,697,932 | $1,061,208 | $636,724 |
| 2024 | $22,060 | $1,664,640 | $1,040,400 | $624,240 |
| 2023 | $21,678 | $1,632,000 | $1,020,000 | $612,000 |
| 2022 | $12,750 | $979,370 | $669,889 | $309,481 |
| 2021 | $12,483 | $960,167 | $656,754 | $303,413 |
| 2019 | $12,305 | $931,689 | $637,275 | $294,414 |
| 2018 | $11,918 | $913,422 | $624,780 | $288,642 |
| 2016 | $10,971 | $877,955 | $600,520 | $277,435 |
| 2015 | $10,537 | $864,768 | $591,500 | $273,268 |
| 2014 | $10,483 | $847,830 | $579,914 | $267,916 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Walker
Seller's Agent in 2025
Anthony Walker
Buckingham Investments, Inc
(310) 982-7055
3 in this area
85 Total Sales
-
Josh Ess
Seller Co-Listing Agent in 2025
Josh Ess
Buckingham Investments, Inc
(310) 982-7055
1 in this area
45 Total Sales
-
Jonathan Montenegro
Seller's Agent in 2022
Jonathan Montenegro
X-or Real Estate Services
(562) 201-2655
1 in this area
6 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB24234194
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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