1025 Gaviota Avenue, Long Beach, CA, CA 90813
- $2,250,000
- List Price
- $2,250,000
- Status
- ACTIVE
- MLS#
- AR26188327
- County
- Los Angeles
- Year Built
- 1987
- Building Square Feet
- 7,000
- Square Feet
- 6,085
- Days on Market
- 3
- Property Type
- Multifamily
- Stories
- Three Or More Levels
- Neighborhood
- Eastside (Es)
Property Description
Prime 9-unit multi-family investment and potential condo conversion opportunity in a high-demand, low-vacancy Long Beach neighborhood! Built in 1987, this exceptionally updated, well-maintained, turn-key, three-story walk-up building offers approximately 7,000 rentable square feet featuring a strong unit mix of seven 2-bedroom/2-bathroom units and two 1-bedroom/1-bathroom units. Select 2-bedroom residences enjoy private balconies and patios. Tenants benefit from a quiet, well-managed environment with gated intercom entry, security doors, and secured gated parking. Units are separately metered for gas and electricity. Convient location—just one block north of 10th Street and east of Walnut Avenue—close to shopping, dining, and transit. Fully occupied with stable, quality tenants and current rents well below market rates, this property offers an outstanding turn-key asset with immediate upside and massive cash flow growth potential!
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Additional Information
- Parcel Number
- 7267011011
- Rent Control
- Yes
- Common Interest
- Community Apartment
- Gross Scheduled Income
- $222,528
- Operating Expense
- 75110
- Net Operating Income
- $147,418
- Number of Buildings
- 1
- Lot Features
- Street Level
- Carport Spaces
- 12
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Curbs, Sidewalks
Listing courtesy of Listing Agent: Bing Hou (binghou66@gmail.com) from Listing Office: IRN Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.