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1050 Gaviota Ave
Long Beach, CA 90813 Downtown Long Beach

$4,675,000 USD

Apartments For Sale  •  12,928 SF

Property Details

  • Property Type Apartments
  • Total Building Size 12,928 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1963
  • Zoning R2N, Long Beach
51 Transit Score
85 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

  • Laundry Facilities
  • Wheelchair Accessible (Rooms)

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 8 min - 3.5 mi
John Wayne/Orange County 29 min - 20.4 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
Robert Stepp 310-463-2916 Stepp Commercial