1050 Gaviota Avenue | Los Angeles | State of California | Prices, Plans, Availability

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1050 Gaviota Avenue

USD 4,675,000

Property ID: PW23229192

1050 Gaviota Avenue ,90813

12474 SqFt

Built in 1963

USD 375/SqFt

0 Bed

0 Full

Location

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

12928

Construction Details

Property Type --

Property Condition --

Architectural Style --

New Construction --

Year Built 1963

Detailed Introduction Of This Home

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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