1050 Gaviota Avenue Long Beach, CA ^$ 4,675,000

1050 Gaviota Avenue

^$ 4,675,000

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1050 Gaviota Avenue

Long Beach, CA, 90813

^$ 4,675,000

Bedrooms35 Baths5.0 Sq 12,928

Monthly Estimate*

^$ 31,072

Listed by Keller Williams - Santa Monica

1050 Gaviota Avenue, Long Beach, CA 90813 - Image 1

1050 Gaviota Avenue, Long Beach, CA 90813 - Image 2

1050 Gaviota Avenue, Long Beach, CA 90813 - Image 3

1050 Gaviota Avenue, Long Beach, CA 90813 - Image 4

1050 Gaviota Avenue, Long Beach, CA 90813 - Image 5

1050 Gaviota Avenue, Long Beach, CA 90813 - Image 6

1050 Gaviota Avenue, Long Beach, CA 90813 - Image 7

1050 Gaviota Avenue, Long Beach, CA 90813 - Image 8

Multi-Family Home for sale in Long Beach, CA

for $4,675,000 with 35 bedrooms and 5 full baths. This 12,928 square foot home was built in 1963 on a lot size of 0.2864.

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.

Multi-Family Active

Price

^$ 4,675,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.2864

Year Built

1963

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23229192

Days on Market

167

Features

General

Sewer PublicSewer

Zoning LBR2N

Garage Spaces 8.0

Pool Features None

Year Built 1963

Property SubType MixedUse

Gross Income 379418.0

Community Features Sidewalks

County Los Angeles

Net Operating Income 263923.0

Operating Expense 115496.0

Insurance Expense 8950.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Alamitos Beach (AB)

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Cherry Ave

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 14

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units SquareFeet

Lot Size Square Feet 12474.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Gaviota

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 3487.3

Home Warranty Y/N N

Fuel Expense 3487.3

Trash Expense 3487.3

Water Sewer Expense 3487.3

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 116

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 89

Property Sub Type Additional MixedUse

Taxes 58133.0

Cap Rate 5.65

Exterior

Lot Features Item1115UnitsAcre

Water Source Public

Total Parking 8.0

Lot Size Area 12474.0

Number of Buildings 1

Spa N

Building Area Total 12928.0

Lot Size Acres 0.2864

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 14

Number of Separate Electric Meters 14

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features LaundryRoom

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1050

* Excluded Features

List By

Keller Williams - Santa Monica

Broker

(310) 774-3740

Phone

Affordability Calculator

$31,072

Per Month

Monthly Principal & Interest: $31,072
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,056,434

Percent of Sale Price 56%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/22/2023	$4,675,000		Listed Price

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1050 Gaviota Avenue, Long Beach, CA, 90813 is a Multi-Family Home for sale at $4,675,000 with 12,928 sqft and a lot size of 0.2864. 1050 Gaviota Avenue has 35 bedrooms, 5.0 baths, and was built in 1963. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/6/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1050 Gaviota Avenue

Multi-Family Home for sale in Long Beach, CA

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