$ 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
Active
1050 Gaviota Avenue Long Beach, CA 90813
12,928 SqFt
UPDATED:
08/31/2024 12:07 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,928 sqft
Price per Sqft $361
MLS Listing ID CRPW23229192
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Fireplace No
Laundry Laundry Room
Building
Water Public
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