$4,675,000 - 1050 Gaviota Avenue, Long Beach
- 13Beds
- 5Baths
- 0SQ. Feet
- 0.29Acres
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.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:PW23229192
- Price:$4,675,000
- Bedrooms:13
- Bathrooms:5.00
- Acres:0.29
- Year Built:1963
- Type:Residential Income
- Sub-Type:Mixed Use
- Status:Active
- Listing Agent:Robert Stepp
- Listing Office:Keller Williams - Santa Monica
Community Information
- Address:1050 Gaviota Avenue
- Area:4 - Downtown Area, Alamitos Beach
- Subdivision:Alamitos Beach (AB)
- City:Long Beach
- County:Los Angeles
- Zip Code:90813
Amenities
- Parking Spaces:8
- # of Garages:8
- Pool:None
Interior
- # of Stories:2
Exterior
- Lot Description:11-15 Units/Acre
Additional Information
- Date Listed:December 21st, 2023
- Days on Market:131
- Zoning:LBR2N
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- City:
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- Price Range:
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- Current Listings:
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- HOA Dues:
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- Average Price per Square Foot:
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Downtown (dt)
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- Price Range:
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Eastside (es)
- City:
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- Price Range:
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- Current Listings:
- 20
- HOA Dues:
- $0
- Average Price per Square Foot:
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Based on information from California Regional Multiple Listing Service, Inc. as of May 1st, 2024 at 8:50pm 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.