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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
2
1
: Individual Room
0
: Sidewalks
Additional Information
Keller Williams - Santa Monica
0
PSTEPROB
PB20859
Robert
7267012041
: Standard
8
25

Multi-Family For Sale

1050 Gaviota Avenue, Long Beach, California 90813

12,928 Sqft
$4,675,000
Listing ID #PW23229192
Basic Details
Status : Active
DaysOnMarket : 252
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : PW23229192
Price : $4,675,000
Living Area : 12,928 Sqft
Lot Size : 12,474 Sqft
Year Built : 1963
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90813
Price Per Square Foot : $362
Subdivision : Alamitos Beach (AB)
ModificationTimestamp : 2024-08-30 09:34:04
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