$ 4,675,000
1050 Gaviota Avenue Long Beach, CA 90813
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,675,000
Est. payment /mo
Active
1050 Gaviota Avenue Long Beach, CA 90813
12,928 SqFt
UPDATED:
08/30/2024 05:07 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,928 sqft
Price per Sqft $361
MLS Listing ID CRPW23229192
HOA Y/N No
Year Built 1963
Lot Size 0.286 Acres
Acres 0.29
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.
Location
State CA
County Los Angeles
Area Listing
Zoning LBR2
Interior
Fireplace No
Laundry Laundry Room
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7267012041
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Listed by Robert Stepp • Keller Williams - Santa Monica
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