For Sale
1050 Gaviota Avenue, Long Beach, CA 90813
Overview
Property ID: SGR-20297289
- Residential Income
- 8.00
- 1963
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
Open on Google Maps- 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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