468 Gaviota Avenue Long Beach, CA 90802
PRICED TO SELL. 9.5 GRM and 6.6% CAP on actual rents with upside to a 7.1% CAP. ONLY $328/SF. 12 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Located on the East Side of Long Beach just blocks from Retro Row - with all the cute shops and restaurants. The property is professionally managed and well maintained. There are 4 garages in the rear of the property - potential ADU opportunity - Buyer to verify. Additionally, only two of these spaces are leased, leaving rental upside by leasing the other two. The property features a TPO roof that is in good condition. Major building systems have been updated - plumbing, electrical and roof. Buyer to verify. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site14 Days
- MLS StatusActive
- MLS ID Number24391489
- Home Size Source N/A
- Year Built1923
- Lot Size0.1679 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking Assigned
- Parking Spaces 5
- Number of Stories Multi/Split2
- Acreage 0.1679
- Zoning LBR1N
- Listing Conditions Standard
Interior Features
- Cooling None
- Heating Wall Furnace
- Laundry Features Community
Community Features
- Senior Community No
- MLS Area 4 - Downtown Area, Alamitos Beach