1050 Gaviota Avenue
Long Beach, CA 90813
Active for $4,675,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 12,474 sqft
| MLS | PW23229192 |
| Year Built | 1963 |
| Property Type | Mixed Use |
| County | Los Angeles |
| Status | Active |
| Active | $4,675,000 |
| Structure Size | N/A sqft |
| Lot Size | 12,474 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: Robert Stepp, Keller Williams - Santa Monica . *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Alec Karaguzian
REALTOR®
Direct: 818.636.4638
Email: Email Me
DRE: 02108329
DRE #01873088
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