1867 Gladys Ave

Marcus & Millichap is pleased to present 1867 Gladys Avenue located on the west side of Gladys conveniently located between E Pacific Coast Highway and E 19th St. The 2-story 3-unit multi-family subject property was originally built in 1977, which consists of approximately 3,272 square feet of building area and the entire parcel totals approximately 6,251sq. ft of land area.
The property consists of one (1) 2-Bedroom / 1.5-Bathroom unit, one (1) 2- Bedroom / 1-Bathroom unit, an d one (1) 1-Bedroom / 1 Bathroom unit. The property’s sought-after unit mix is coupled with large layouts, maximizing value. The subject property boasts two (2) single-car garages and one (1) two-car garage that can be used as parking or storage, as well as a common area laundry room for
additional income.
Tenants enjoy living in a quiet neighborhood containing 771 Single Family Residences within a half-mile radius. It is also a short distance to the Traff ic Circle which contains many grocery stores, major retailers and shops as well as a variety of dining options. The property is within a half-mile radius of Hilltop Park with panoramic views of Long Beach, the Pacific Ocean and Catalina Island. Additionally, Signal Hill Park, Sunset View Park, Costco Wholesale, Home Depot, and the Signal Hill Business District, including many branded automotive dealers are a few minutes driving distance. The property is also conveniently located near Chittick Field Park, Recreation Park, including two (2) golf courses, Billie Jean King Tennis Center, Blair Field, Colorado Lagoon, Marine Stadium, local beaches, California State University
of Long Beach, access to major freeways/highways and Long Beach Airport.
The subject property is conveniently near the popular retail, entertainment, and dining district of Belmont Shore’s 2nd Street which offers more than 250 unique upscale boutiques, specialty shops, and a myriad of coffee shops, cafes, casual dining taverns, and eclectic international specialty restaurants. Other districts nearby the property include the East Village Arts District, 4th Street Retro Row and the Zafferia commercial corridor. Also close to the property is the Downtown Long Beach Business District which provides unique destinations, both historic and new, that attract over six million visitors annually. One of the city’s most revered attractions, The Queen Mary, arrived in Long Beach in 1967 and has since impressed millions of visitors with its art deco interiors and glimpses into a bygone era. The Aquarium of the Pacific, on the other hand, provides an intimate look into the future of marine biology and sustainability. Hotels, restaurants, and other tourist oriented venues including Shoreline Village, The Pike and Rainbow Harbor Waterfront surround the juggernaut that is the Long Beach Convention and Entertainment Center that brings in a staggering 1.6 million visitors per year with its year-round conventions and events.
The City of Long Beach offers great coastal weather, access to several recreational activities and a reputation for being a big city with a small-town feel. At the center of Long Beach, a city of almost 470,000, they are the only large Downtown waterfront located between San Diego and San Francisco, retaining more affordable lease rates for office and retail space, as well as housing, than nearby areas such as Santa Monica, Downtown Los Angeles, and Irvine, CA.