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1050 Gaviota Avenue, Long Beach, CA 90813
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1050 Gaviota Avenue
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  • MLS#: PW23229192 ( Commercial/Residential )
  • Street Address: 1050 Gaviota Avenue
  • Viewed: 2
  • Price: $4,675,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 330
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90813
  • Subdivision: Alamitos Beach (ab)
  • Provided by: Keller Williams - Santa Monica
  • Contact: Robert Robert
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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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Features
Building Area Total
  1. 12928.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 289
Electric Expense
  1. 3487.30
Fuel Expense
  1. 3487.00
Garage Spaces
  1. 8.00
Gardner Expense
  1. 480.00
Insurance Expense
  1. 8950.00
Laundry Features
  1. Individual Room
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 263923.00
Newtaxesexpense
  1. 58133.00
Number Of Separate Electric Meters
  1. 14
Number Of Separate Gas Meters
  1. 14
Otherexpense
  1. 4200.00
Otherexpensedescription
  1. Reserves
Parcel Number
  1. 7267012041
Pest Control Expense
  1. 1410.00
Pool Features
  1. None
Postalcodeplus4
  1. 3851
Professionalmanagementexpense
  1. 17074.00
Property Type
  1. Commercial/Residential
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 407004994:CRM
Subdivision Name Other
  1. Alamitos Beach (AB)
Totalexpenses
  1. 115496.00
Trash Expense
  1. 3487.30
Water Sewer Expense
  1. 3487.30
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Assessor
Zoning
  1. LBR2N