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$4,675,000
337 Days On Site
1050 Gaviota AvenueLong Beach, CA 90813
For Sale|Mixed Use|Active
0
Beds
0
Full Baths
0
Partial Baths
12,928
SqFt
$362
/SqFt
1963
Built
Subdivision:
Alamitos Beach (AB)
County:
Los Angeles
Listed by Robert Stepp of Keller Williams - Santa Monica rstepp@steppcommercial.com
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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.
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Listing Snapshot
Price
$4,675,000
Days On Site
337 Days
Bedrooms
N/A
Inside Area (SqFt)
12,928 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2864 Acres
Year Built
1963
MLS® Number
PW23229192
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 11 months ago | Status changed to Active | |
| 11 months ago | Listing updated with changes from the MLS® | |
| 11 months ago | Listing first seen on site |
General Features
Acres
0.2864
Garage
Yes
Garage Spaces
8
Number Of Stories
2
Parking Spaces
8
Property Sub Type
Mixed Use
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
12928
Water Source
Public
Zoning
LBR2N
Interior Features
Laundry Features
Laundry Room
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Exterior Features
Pool Features
None
Community Features
Building Access
1
Community Features
Sidewalks
Financing Terms Available
Cash1031 Exchange
MLS Area
4 - Downtown Area, Alamitos Beach
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. The 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, the 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.
Neighborhood & Commute
Source: Walkscore
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