1025 Gaviota Ave

Long Beach CA 90813

6085 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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 locationjust one block north of 10th Street and east of Walnut Avenueclose 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!

Features

8 bedrooms

8 bathrooms

6085 sq. ft. lot size

Multi-Family

Property history for 1025 Gaviota Ave

2019

Sold

$2,050,000

29 Jan 2019 by Byron Field, of Keller Williams Larchmont

2008

Sold

$360,536

23 Jun 2008

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