CA > Long Beach > Alamitos Beach (Ab)
Long Beach, CA 90813,1050 Gaviota AVE
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Long Beach, CA 90813,1050 Gaviota AVE
Long Beach, CA 90813,1050 Gaviota AVE
Long Beach, CA 90813,1050 Gaviota AVE
Long Beach, CA 90813,1050 Gaviota AVE
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John Hickey

John Hickey

+1(818) 434-6696
$ 4,675,000
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1050 Gaviota AVE Long Beach, CA 90813

0.29 Acres Lot

UPDATED:

09/30/2024 06:29 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW23229192

HOA Y/N No

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

Zoning LBR2N

Interior

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7267012041

Energy Description 3487.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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1050 Gaviota AVE