$4,675,000
- Beds
- Unknown
- sq ft
- 12,928
1050 Gaviota Ave, Long Beach, CA 90813
1050 Gaviota Ave
Long Beach, CA 90813
- 281 days on market
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.
Details
Property type
Mixed Use
Lot size
0.2864 acres
Price per sq ft
$362
Year built
1963
Price History
12/22/2023
CRMLS #PW23229192
Listed
$4,675,000
Schools & Community
Neighborhood:
Hellman
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Sidewalks
Community features:
Sidewalks
Status: Active
Tomo last checked: 09/27/2024 at 7:15 PM
Listing updated: 09/18/2024 at 6:58 AM
Listed by: Robert Stepp, Keller Williams - Santa Monica Phone #: (310) 482-2200
MLS: CRMLS #PW23229192
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