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Active
1050 Gaviota AVE Long Beach, CA 90813
0.29 Acres Lot
UPDATED:
08/30/2024 04:35 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW23229192
Originating Board California Regional MLS
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
Area 4 - Downtown Area, Alamitos Beach
Interior
Laundry In Laundry Room
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 7267012041
Special Listing Condition Not Applicable
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Listed by Robert Stepp • Keller Williams - Santa Monica