$2,700,000 - 1206 Gladys Avenue, Long Beach

  • 0Beds
  • Baths
  • 0SQ. Feet
  • 0.15Acres

1206 Gladys Avenue is an eight-unit, value-add apartment asset located in Long Beach. Built in 1986, the property features desirable 1980's construction. All eight apartments are sizable 2 BD / 2 BA units. Two of the units have been upgraded with luxury finishings, including in-unit washers and dryers, new cabinets and countertops, AC, minisplits, and tankless water heaters. The onsite laundry room and 14 parking spaces provide the opportunity for additional income. 1206 Gladys Avenue provides a new buyer with an attractive value add opportunity with approximately 20% upside to market rent.

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Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW23011122
  • Price:$2,700,000
  • Bathrooms:0.00
  • Acres:0.15
  • Year Built:1986
  • Type:Residential Income
  • Sub-Type:Mixed Use
  • Status:Closed
  • Listing Agent:Robert Stepp
  • Listing Office:Keller Williams - Santa Monica

Community Information

  • Address:1206 Gladys Avenue
  • Area:3 - Eastside, Circle Area
  • Subdivision:Eastside (ES)
  • City:Long Beach
  • County:Los Angeles
  • Zip Code:90804

Amenities

  • Parking Spaces:14
  • # of Garages:14
  • Pool:None

Exterior

  • Lot Description:6-10 Units/Acre

Additional Information

  • Date Listed:January 20th, 2023
  • Days on Market:42
  • Zoning:LBR2N

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Based on information from California Regional Multiple Listing Service, Inc. as of May 6th, 2024 at 4:35pm CDT. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.