About 1432 Gaviota Avenue
Now available in one of Long Beachs most affordable and high-demand rental neighborhoods, this charming 10-unit Spanish-style apartment building offers a rare blend of character and cash flow. The property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. With a strong annual gross income of $187,260 and an attractive 6.2% cap rate, this asset presents an excellent opportunity for investors seeking stable returns in a supply-constrained rental market. 4 of the units currently pay RUBS which generates $490/mo. Dont miss this chance to own a classic, income-producing property in a thriving Long Beach location.
Features of 1432 Gaviota Avenue
| MLS® # | PW25157783 |
|---|---|
| Price | $1,670,000 |
| Bathrooms | 4.00 |
| Acres | 0.15 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Closed |
Community Information
| Address | 1432 Gaviota Avenue |
|---|---|
| Area | LONG BEACH (90813) |
| City | Long Beach |
| County | Los Angeles |
| State | CA |
| Zip Code | 90813 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | N/K |
Interior
| Cooling | N/K |
|---|---|
| Fireplace | Yes |
| Stories | 1 Story |
Exterior
| Lot Description | Curbs,Sidewalks |
|---|
Additional Information
| Days on Market | 56 |
|---|---|
| Zoning | Assessor |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Sage Real Estate Group, Inc. |
|---|