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1050 Gaviota Ave
Long Beach, CA 90813 Downtown Long Beach

$4,500,000 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

85 Walk Score

                
                    Highlights
                
                                Attractive In-Place Performance with a 5.57% CAP rate on current operations.
                            
                                Clear Pro Forma Upside to a 6.20% CAP and 11.06 GRM, with Healthy Cash-on-Cash Returns, delivering 3.3% year 1 return
                            
                                Proximity to Major Employment Drivers including St. Mary Medical Center, the Long Beach Port, Long Beach City College and Downtown Business District.
                            
                                Large Unit mix consisting of 2BDR, 3BDR and 4BDR floor plans.
                            
                                Private Interior Courtyard Setting, offering a quiet community centered environment.
                            
                                Secure, Gated Entry System with outside parking and Garages for select units

Amenities

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

Public Transportation

Airport	Drive	Walk	Distance
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

Albert Le 714-814-2088 Le Investment Group

1050 Gaviota Ave Long Beach, CA 90813 Downtown Long Beach