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Closed
- Listed price
- $1,995,000
- Listed May 15, 2017
- Sold price
- $2,200,000
- Sold Jul 18, 2017
6,264 sqft lot|1987 Built|4 MLS days on market
1212 Gladys Ave, Long Beach, CA 90804
Property Description
Built in 1987, the Gladys Apartments is a Nine-Unit apartment complex with true value add upside potential. The unit mix is comprised of (7) - 2 Bedroom / 2 Bath and (2) 1 Bedroom / 1 Bath spacious units. Current ownership has spent significant capital on recent improvements, including a brand new roof in November of 2016 (10-year roof warranty), drought tolerant landscaping, custom designed iron gates, new exterior paint and three completely renovated units. Interior renovations include whitewashed vinyl flooring, quartz counter tops, subway tile back splashes, stainless steel appliances and complete bathroom remodels. The remaining six units have long term tenants and rents are well below market, leaving significant value add potential for a new investor through interior renovations of those units. The City of Long each is NOT subject to rent control, making it easy for a new investor to capitalize on the already established Pro Forma rents. The property is separately metered for gas & electricity, has 14 garage parking spaces and on-site laundry.
Listing agent: Andrew McAllisterDRE #01946829drew@nrecommercial.com, Listing office: Nationwide Real Estate Execs
MLS data updated 11/2/2026, 6:27:20 AM PT
Source: CRMLSMLS #: RS17106750
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,200,000
Jul 18, 2017
Available records22017
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90804 · Nov 2026
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No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90804 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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