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1050 Gaviota Ave
Long Beach, CA 90813 Downtown Long Beach

$4,675,000 USD

Apartments For Sale  •  15,444 SF

Property Details

  • Property Type Apartments
  • Total Building Size 15,444 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1963
  • Zoning R2N, Long Beach
51 Transit Score
86 Walk Score

Highlights

Priced at a 5.65% Cap Rate / 11.95 GRM on current rents with upside to 6.07% cap rate/11.34 GRM
Eight (8) garages and a laundry room provide opportunities for additional income
Garages also offer the opportunity for ADU conversion

Amenities

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Online Services
  • Freezer
  • Wheelchair Accessible (Rooms)
  • Walk-Up

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 9 min - 3.5 mi
John Wayne/Orange County 31 min - 20.2 mi
Los Angeles International 33 min - 22.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Robert Stepp 310-463-2916 Stepp Commercial - KWPE
Robert Stepp 310-463-2916 Stepp Commercial - KWPE