$1,250,000 - 845 Gaviota Avenue, Long Beach

  • 0Beds
  • Baths
  • 2,889SQ. Feet
  • 0.13Acres

**Highest CAP rate for a 4 unit property on the market at 5.34% existing cap and 6.4% market cap rate and 12.6 market GRM** Spectacular 4 unit property all large two bedroom units. Two units have an additional den plus closet per architectural plans at city. All units updated, exterior recently painted, new windows, copper plumbing and newer roof. All units have gorgeous kitchens and bathrooms. Kitchens boast new white shaker cabinetry, Quartz counters and stainless steel appliances, some units have peninsulas with bar seating. All units currently occupied with excellent tenants. Units are separately metered for gas and electric and tenants pay utilities except water. Shared laundry onsite and designated parking for each unit. This property is perfect for an owner occupant that wants to live in one unit and have rental income or for an investor who wants a low maintenance beautiful income property with excellent tenants and good cash flow. Very rare to find such a beautiful 4 unit property in this condition.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW20043342
  • Price:$1,250,000
  • Bathrooms:0.00
  • Square Footage:2,889
  • Acres:0.13
  • Year Built:1921
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:845 Gaviota Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Alamitos Beach (AB)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813


  • Parking Spaces:6


  • # of Stories:2
  • Stories:Two


  • Lot Description:0-1 Unit/Acre

Additional Information

  • Date Listed:February 27th, 2020
  • Days on Market:91
  • Zoning:LBR2N

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Provided By: Phoebe Todorof(01410046), Phoebe Todorof, Broker.

Based on information from California Regional Multiple Listing Service, Inc. as of June 1st, 2020 at 3:22pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.