1509 Gardenia Avenue
About This Property
With fresh exterior paint and loads of potential, this move-in ready property offers a perfect opportunity to settle in now and grow into the future.
Inside, you'll find a cozy, functional layout ideal for first-time buyers, savvy investors, or anyone looking to add value. The spacious lot features a detached garage with ADU potential (buyer to verify), making it a smart long-term investment.
Enjoy great curb appeal, a generous backyard ready for your personal touch, and a long driveway with ample off-street parking. Located on a quiet residential street, yet just minutes from local schools, shopping, and dining.
Whether you're looking to make it home or expand your real estate portfolio, this property offers endless possibilities in a prime Long Beach location.
Don't miss out – schedule your private tour today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2025 | Sold | ||
| Sold | |||
| Apr 29, 2025 | In contract | - | |
| In contract | |||
| Mar 11, 2025 | Listed by The Livingston Group Inc | $699,999 | |
| Listed by The Livingston Group Inc | |||
Property Highlights
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About Central Long Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017