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 $183,780 and an attractive 6.0% cap rate, this asset presents an excellent opportunity for investors seeking stable returns in a supply-constrained rental market. Don’t miss this chance to own a classic, income-producing property in a thriving Long Beach location.
For sale
Listing Provided by:
Cody Charnell DRE #01950585 562-896-3851,
Sage Real Estate Group, Inc.
$1,670,000
1432 Gaviota Ave, Long Beach, CA 90813
1beds
10baths
3,616sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$1,606,200 Zestimate®
$462/sqft
$-- HOA
What's special
On-site laundry room
- 26 days
- on Zillow |
- 232 |
- 17 |
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