$4,675,000
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1050 Gaviota Avenue Long Beach, CA 90813
Mixed Use
Residence
Beds
Baths
12,928
Sq. Ft.
0.29
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
PW23229192
Property Type
Mixed Use
Status
Year Built
1963
Square Feet
12,928
sq. ft
Lot Size
0.29
Sewer
Public Sewer
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