CA > Long Beach > Poly High (Ph)
Long Beach, CA 90813,1432 Gaviota AVE
Long Beach, CA 90813,1432 Gaviota AVE
Long Beach, CA 90813,1432 Gaviota AVE
10
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$1,670,000
Est. payment /mo
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6,534 Sqft Lot
Pending

1432 Gaviota AVE Long Beach, CA 90813

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID PW25157783

HOA Y/N No

Year Built 1923

Lot Size 6,534 Sqft

Property Sub-Type Apartment

Property Description

Now available in one of Long Beach's most affordable and high-demand rental neighborhoods, this charming 10-unit Spanish-style apartment building offers a rare blend of character and cash flow. The property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. With a strong annual gross income of $187,260 and an attractive 6.2% cap rate, this asset presents an excellent opportunity for investors seeking stable returns in a supply-constrained rental market. 4 of the units currently pay RUBS which generates $490/mo. Don't miss this chance to own a classic, income-producing property in a thriving Long Beach location.

Location

State CA

County Los Angeles

Area 9 - Poly High

Zoning LBR2N

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Pool None

Community Features Curbs, Sidewalks

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7261015012

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Cody Charnell Sage Real Estate Group, Inc. 562-896-3851

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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