$4,675,000
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1050 Gaviota Avenue Long Beach, CA 90813
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
12,928
Sq. Ft.
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
Year Built
1963
Square Feet
12,928
sq. ft
Lot Size
0.29
Sewer
Public Sewer
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