1050 Gaviota AVE Long Beach, CA 90813
Active
$4,675,000
14 Units
13 Beds
5 Baths
12,928 Area(sq.ft.)
12,474 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 1 | No | $ 2,387 | $ 2,387 | $ 2,800 |
| Unit 2 | 3 | 3 | 1 | No | $ 2,500 | $ 7,500 | $ 2,703 |
| Unit 3 | 4 | 3 | 1 | No | $ 2,725 | $ 10,900 | $ 2,725 |
| Unit 4 | 4 | 2 | 1 | No | $ 1,885 | $ 7,540 | $ 2,000 |
| Unit 5 | 2 | 1 | 1 | No | $ 1,890 | $ 3,780 | $ 2,032 |
| 5 | 14 | 35 | 14 | $ 32,107 | $ 106,207 | $ 33,873 |
| MLS #: | PW23229192MR |
| Days On Market: | 280 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 362 |
| Price per unit: | $ 333,929 |
| Year Built: | 1963 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 391,153 |
| Total Annual Expense: | $ 115,496 |
| Net Operating Income: | $ 263,923 |
| Cap Rate: | 5.65% |
| Gross Rent Multiplier: | 11.95 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
Interior
| Laundry: | Room |
Exterior
| Pool: | No |
Detailed Map
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Income
