367 375 Gladys Avenue

Long Beach , CA 90814

MLS#: PW24241218

$5,900,000

Status: Closed
Listing number: PW24241218
Listing provided by: Triqor Group
Listing agent phone: None
Last update: 4 months ago
On site: 8 months ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1964

Sq.Footage

N/A

This well-maintained property is located in Alamitos Beach, next to Bixby Park. Considerable value add with approximately 50% in rental upside. This property offers a unit mix with (18) eighteen two-bedrooms and (2) two one-bedroom. Each unit is individually metered for electricity and gas, providing residents with greater control over utility costs. Recent upgrades include copper plumbing, vinyl windows, and a new roof. The property is on two parcels, two ten units each, eliminated the requirement for an onsite manager. This property offers its tenants with ample parking with Ten (10) Enclosed Garages and eight tandem spaces. The units themselves are well-appointed with gas cooking, electric heating, hardwood floors, and ceiling fans, and wall heaters ensuring a comfortable living environment.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    1

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Lot Features

    Rectangular Lot

  • Lot Size(acres)

    0.28

  • Property Type

    Residential Income

  • Property Sub Type

    Apartment

Price

  • Sales Price

    $5,900,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Christopher Walker , Triqor Group

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
This well-maintained property is located in Alamitos Beach, next to Bixby Park. Considerable value add with approximately 50% in rental upside. This property offers a unit mix with (18) eighteen two-bedrooms and (2) two one-bedroom. Each unit is individually metered for electricity and gas, providing residents with greater control over utility costs. Recent upgrades include copper plumbing, vinyl windows, and a new roof. The property is on two parcels, two ten units each, eliminated the requirement for an onsite manager. This property offers its tenants with ample parking with Ten (10) Enclosed Garages and eight tandem spaces. The units themselves are well-appointed with gas cooking, electric heating, hardwood floors, and ceiling fans, and wall heaters ensuring a comfortable living environment.

367 375 Gladys Avenue

Message successfully sent.

What would you like to know?

Related Properties

Occupying a corner lot on the sand, the property currently operates as a duplex containing a three-bedroom plus loft lower unit and a two-bedroom plus den upper unit, though a new owner may elect to combine the units to create one large single-family mansion. With Long Beach hosting several events in the 2028 Summer Olympics, in addition to the upcoming 2026 World Cup and 2027 Super Bowl in the area, demand for luxury short-term rentals may provide a dramatic increase in income for a new investor. The building was masterfully upgraded from 2021 to 2024, with nearly all major systems updated and replaced, including a brand new roof, newly replastered exterior, a largely new electrical system, a new beachfront balcony, new windows, several new plumbing lines, and a new pneumatic elevator. Even more impressively, the property's interior has been carefully reimagined with designer upgrades that add impressive flourishes to its international motif. Artemide lighting, a SMEG gas range, and custom-made hoods were all imported from Italy to adorn the living spaces that feature snow-white marble fireplace surrounds, a Toto electric water closet, a built-in Thermador refrigerator, and a floor-to- ceiling wine cooler. Built-in microwave drawers were designed into the kitchen cabinetry, with the lower unit housing a 22-foot kitchen countertop and the upper unit featuring a 15-foot kitchen island and vegetable sink. The exterior entertaining space includes an 18 by 13 foot outdoor porcelain kitchen with granite countertops that overlooks the ocean, along with a new outdoor shower featuring an original custom painted surfboard. An exquisite entry lobby leads residents to either of the two units and also provides access to the new see-through elevator, featuring a two-story glass wall with more ocean views. The property also includes a built-out two-car garage, offering rare parking for residents in this beach enclave. PLEASE CALL, TEXT, OR EMAIL LISTING AGENTS TO REQUEST A FULL MARKETING PACKAGE FEATURING MORE INFORMATION AND PHOTOGRAPHS.
#25557281

Long Beach

6601 E Seaside Walk

5 Beds

None Baths

3,686 Sq.Ft.

$4,990,000

MLS#: 25557281

We are pleased to present a 16-unit multifamily property located on the Peninsula in Long Beach, CA 90803. Built in 1923 & 1948, the subject property consists of 6,748 rentable square feet spread throughout a 7,119 square foot lot. The building consists of six 1-bedroom / 1 bathroom units, one 1-bedroom / 1-bathroom loft unit, three loft studios, five studios, and one bachelor unit. It contains six garages providing essential parking and flexible future income / ADU opportunities. Two Contiguous Parcels on Three Lots Operating as One Property (11 Units and 4+1 Units), Providing Flexible Entry and Exit Strategies.
#PW25131179

Long Beach

5901 E Ocean Boulevard

None Beds

None Baths

6,748 Sq.Ft.

$6,495,000

MLS#: PW25131179

1225 Bennett Avenue presents a rare opportunity to acquire a well-maintained 17-unit apartment building in a prime East Long Beach location. Built in 1987 and situated on a sizable 12,065 SF lot, this 16,503 SF, three-story property offers a highly desirable unit mix and significant rental upside in one of the strongest rental submarkets in the area. The building features (4) 2-bedroom, 2-bath units, (11) townhome-style 2-bedroom, 2.5-bath units, and (2) studio lofts—designed to attract a diverse tenant base seeking spacious, functional living space. With a current CAP rate of 3.52% and a projected proforma CAP of 7.00%, the property offers approximately 60% upside in rents, making it a compelling value-add opportunity for investors. On-site amenities include aparking garage with 32 spaces and (2) shared laundry rooms. Priced at $302K per unit and $312 per square foot, the asset is competitively positioned within the market. Ideally located in East Long Beach, the property is just blocksfrom Recreation Park Golf Course and less than two miles from the Long Beach Traffic Circle—home to some of the city’s best retail, dining, and entertainment. Whether you're looking to stabilize a well-located asset or reposition it for stronger returns, 1225 Bennett Avenue offers a rare chance to invest in a quality multifamily property with built-in upside.
#PW25125963

Long Beach

1225 Bennett Avenue

None Beds

None Baths

16,503 Sq.Ft.

$5,150,000

MLS#: PW25125963

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here