1050 Gaviota Avenue, Long Beach, CA 90813

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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.


Interior Features

Laundry Information
Location(s) Laundry Room
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 1050 Gaviota Avenue
City Long Beach
State CA
Zip 90813
County Los Angeles
Listing Agent Robert Stepp DRE #01456379
Courtesy Of Keller Williams - Santa Monica
List Price $4,675,000
Status Active
Type Residential Income
Subtype Mixed Use
Structure Size N/A
Lot Size 12,474
Year Built 1963

Listing information courtesy of: Robert Stepp, Keller Williams - Santa Monica. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:29 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.