1050 Gaviota, Long Beach CA 90813 | $4,675,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 12474 Lot Sq Ft
  • Type: Commercial/Residential
  • Stories: 2
  • Year Built: 1963
  • MLS#: PW23229192
  • Community: 4 - Downtown Area, Alamitos Beach

Listing provided courtesy of Robert Stepp of Keller Williams - Santa Monica. Last updated 2024-11-29 09:11:24.000000. Listing information © 2024 SANDICOR.

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.

More Details

0.29 Acres
2 Stories

David Piper

Call or Text: 858-525-5007

DRE# 02021985