1050 Gaviota AVE, LONG BEACH CA, 90813

Active

1050 Gaviota AVE

LONG BEACH CA, 90813

$4,675,000

$361.62 per sqft

Active

13 Beds

5 Baths

12,928 sqft

Residential

Built in 1963

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.

PW23229192MR

MLSⓇ ID

December 21, 2023

Listed

May 9, 2024

Updated

Map

1050 Gaviota AVE
LONG BEACH CA, 90813

Interior Features

Total Stories: 2
Bedrooms: 13
Total Bathrooms: 5
Laundry Description: Room
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.29 Acres
Sewer: Public Sewer

Other Property Details

Area Name: Downtown Area, Alamitos Beach
Days on Market: 116
Garage: Yes
Garage Spaces: 8
Parking Total: 8
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LBR2N

Listed by Robert Stepp with Keller Williams - Santa Monica
Listing Contact: 310-774-3740

Based on information from The MLS^TM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Davi Nogueira | CA DRE# 01991473 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Data last updated 5/9/2024