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373 Gladys Avenue
About This Property
FRONT HOUSE: A deep covered front porch opens to hardwood floors, a box-beam ceiling, plantation shutters and central air. The dining room features a built-in window seat and vintage brass light fixture. The updated kitchen offers quartz counters, subway tile backsplash, stainless steel appliances, a sunny breakfast nook, indoor laundry and a pantry with a second sink behind the original swinging door. Three bedrooms with crystal doorknobs and classic five-panel doors share a vintage bathroom with the original seafoam tub and built-in vanity. Out back, a private patio framed by a tall palm and herb garden beds is ready for morning coffee or evening dinners outdoors.
ADU / BACK HOUSE: The attached accessory dwelling unit has no interior connection to the main house, making it fully independent. The split floor plan includes an oversized primary suite with walk-in closet and walk-in shower, a second bedroom and bath, and an open great room with French doors. The kitchen features quartz counters, shaker cabinets, stainless steel appliances and a breakfast bar. Ductless mini-split A/C, in-unit laundry, a private turf yard and dedicated gated parking off the alley.
PROPERTY HIGHLIGHTS: Approximately 2,478 total sq ft on a 6,503 sq ft lot. Owned (not leased) solar keeps energy costs low for both homes. Long gated driveway, detached vintage garage for parking, storage or a workshop, and 5 total parking spaces, a rare find in Bluff Heights. No HOA.
LOCATION: Close to the vintage shops, coffee houses and restaurants of Retro Row on 4th Street, minutes to Bluff Park, the beach and bike path, and a short drive to 2nd Street in Belmont Shore, Downtown Long Beach and the 405 and 710 freeways.
Long Beach Craftsman home with ADU, rental income potential and owned solar. A cottage-plus-ADU like this doesn't come around often.
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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%.
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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.
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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 |
|---|---|---|---|
| Nov 5, 2026 | Price Decreased |
$1,249,000
↓ $50K
(3.9%) | |
| Price Decreased | |||
| Oct 12, 2026 | Listed by Seven Gables Real Estate | $1,299,000 | |
| Listed by Seven Gables Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017