$ 4,675,000
1050 Gaviota Avenue Long Beach, CA 90813
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Listed by Robert Stepp • Keller Williams - Santa Monica
$ 4,675,000
Est. payment | /mo
12,928 SqFt
$ 4,675,000
Est. payment | /mo
12,928 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 12,928 sqft
Price per Sqft $361
Subdivision Alamitos Beach
MLS Listing ID PW-23229192
Year Built 1963
Lot Size 0.286 Acres
Property 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.
Location
State CA
County Los Angeles
Zoning LBR2N
Interior
Laundry Individual Room
Exterior
Garage Gated
Garage Spaces 8.0
Pool None
Community Features Sidewalks
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer
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Marissa Buss & Danny Lambert
Lic# 01770909 | 01834114