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755 Gaviota Ave
Long Beach, CA 90813 Downtown Long Beach

$2,950,000 USD

Apartments For Sale • 6,230 SF

Property Details

Property Type Apartments
Total Building Size 6,640 SF
Lot Size 0.15 AC
Building Class C
Year Built 1987
Cap Rate 6.08 %
Zoning RR2N, Long Beach

50 Transit Score

70 Walk Score

                
                    Highlights
                
                                6.1% Cap Rate on Current Rents with Upside
                            
                                100% 2-Bedroom/2-Bathroom Units
                            
                                Built in 1987
                            
                                Each Unit has Seperate APNs - Not Subject to Statewide or Local Rent Control
                            
                                Turnkey Asset w/ High-End Finishes. All Units Fully Renovated
                            
                                Washer & Dryer in Every Unit

Financial Summary (Actual)

Net Operating Income: $179,339 USD (2025)

Cap Rate:	6.08 %
Total Expenses:	$67,226 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Pro Car Mechanics

Amenities

Air Conditioning
Balcony
Controlled Access
Dishwasher
Washer/Dryer
Ceiling Fans
Refrigerator
Stainless Steel Appliances

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	8 min	-	3.7 mi
John Wayne/Orange County	29 min	-	20.0 mi
Los Angeles International	33 min	-	22.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	14
Type:	Covered
Included in Rent:	Yes

Rick Applebaum 949-500-5099 Morgan-Skenderian Investment Real Estate Group

755 Gaviota Ave Long Beach, CA 90813 Downtown Long Beach