1050 Gaviota Avenue, Long Beach, CA 90813

  • $4,675,000
  • $362
1050 Gaviota Avenue, Long Beach, CA 90813
  • Residential Income
  • Property Type
  • 8.00
  • Garages
  • 1963
  • Year Built
For Sale
1050 Gaviota Avenue, Long Beach, CA 90813
  • $4,675,000
  • $362

Overview

Property ID: SGR-20297289
  • Residential Income
  • Property Type
  • 8.00
  • Garages
  • 1963
  • Year Built

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.

  • Address 1050 Gaviota Avenue
  • City Long Beach
  • State/county CA
  • Zip/Postal Code 90813
  • Area 4 - Downtown Area, Alamitos Beach
  • Country United States

Details

Updated on December 22, 2023 at 8:12 pm
  • Property ID: SGR-20297289
  • Price: $4,675,000
  • Land Area: 12474.00 m²
  • Garages: 8.00
  • Year Built: 1963
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 12928.00
  • MLS#: PW23229192
  • Office Name: KELLER WILLIAMS - SANTA MONICA
  • Agent Name: Robert Stepp
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01456379
  • IDX Contact Info: 310-463-2916

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Commercial/Residential
  • Parking: 8.00
  • Water Source: Public

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