Properties

Property Description

1050 Gaviota Avenue is a 14-unit asset, located in the in Long Beach, California. Built in 1963, the property is comprised of (1) 4BD/1BA, (3) 3BD/1BA + Den, (4) 3BD/1BA, (4) 2BD/1BA, and (2) 1BD/1BA units. Spread across a 12,474-square foot lot, the property has eight (8) garages and a laundry room on site providing additional income. The garages also offer the opportunity for ADU conversion. Priced at a 5.65% cap rate & 11.95 GRM, on actual rents, new ownership can stabilize the asset at a 6.07% cap rate and 11.34 GRM.

Features
: None
: Public Sewer
: Laundry Room
$0
Address Map
CA
Los Angeles
Long Beach
Alamitos Beach (AB)
90813
Gaviota
1050
Avenue
W119° 49' 45.9''
N33° 46' 47.8''
LBR2N
4 - Downtown Area, Alamitos Beach
Cherry Ave
Neighborhood
Neighborhood
MLS Addon
Keller Williams - Santa Monica
Robert Stepp
$0
$0
$0
$0
$0
$0
Additional Information
: Public
2
2023-12-22
14
: 11-15 Units/Acre
8.0
1
: Sidewalks
12928
Listing Information
PSTEPROB
PB20859
Cash,Cash to New Loan,1031 Exchange
Active
2024-04-16T20:27:57Z
CRMLS
: Standard
2023-12-22T11:42:19Z

Residential Income For Sale

1050 Gaviota Avenue, Long Beach, California 90813

0.29 Acre
$4,675,000
Listing ID #PW23229192
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : PW23229192
Price : $4,675,000
Year Built : 1963
Lot Area : 0.29 Acre
Status : Active
Property Attached Yn : 1
Property Sub Type : Mixed Use
Agent info
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