James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

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listing
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Residential IncomeFor Sale
$4,675,000
1050 Gaviota Avenue
Long Beach, CA 90813
Listed by Robert Stepp DRE#01456379 [email protected] Keller Williams - Santa Monica
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$24,232/mo

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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Information courtesy of Keller Williams - Santa Monica is subject to verification and is not guaranteed.
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