Fantastic investment opportunity! Back on the market at a HUGE PRICE REDUCTION! This value-add duplex is comprised of a back studio unit that will be delivered vacant at close of escrow and ready for renovations! The front 2-bedroom 1bath house has a large front and side yard. The tenant pays $2,300/month and has been living there for over four years and has a strong history of paying rent on time. Both units have separate gas and electric meters.
There is a free standing, double car garage, perfect for an ADU conversion into 3 units (buyer to verify) with an after repair value (ARV) of $960,000.
Located near Signal Hill and MacArthur Park, this neighborhood is truly in the path of progress and benefits from nearby development. If you're an investor looking for a value-add opportunity or an owner-occupant looking to get started in investment real estate, look no further!
Sold for $715,000
Listing Provided by:
Christopher Crosby DRE #02116879 310-982-7055,
Buckingham Investments, Inc
Bought with: Real Estate Ebroker Inc
$715,000
1638 Gaviota Ave, Long Beach, CA 90813
2beds
2baths
1,025sqft
Duplex
Built in 1921
-- sqft lot
$738,000 Zestimate®
$698/sqft
$2,778 Estimated rent
Home value
$738,000
$694,000 - $782,000
$2,778/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 31, 2023 at 09:34am
Listing Provided by:
Christopher Crosby DRE #02116879 310-982-7055,
Buckingham Investments, Inc
Bought with:
Kristine Kurz, DRE #02042035
Real Estate Ebroker Inc
Source: CRMLS,MLS#: SB23087761
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Natural Gas
Cooling
- Gas
Appliances
- Included: Gas Range
- Laundry: In Garage
Features
- Flooring: Laminate, Tile
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,025
- Total interior livable area: 1,025 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: Street
- Pool features: None
- Fencing: Fair Condition,Wrought Iron
Lot
- Size: 4,026 sqft
- Features: Corner Lot
Details
- Parcel number: 7261011002
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1921
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Phone Available, Sewer Connected, Water Available
Community & neighborhood
Community
- Community features: Curbs, Street Lights, Sidewalks
Location
- Region: Long Beach
- Subdivision: ,Signal Hill
Other
Other facts
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,Cal Vet Loan,1031 Exchange,FHA,Fannie Mae,Freddie Mac,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 1/12/2026 | Listing removed | $3,500$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/22/2025 | Listed for rent | $3,500+20.7%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/15/2025 | Listing removed | $2,900$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/23/2025 | Price change | $2,900-8.2%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/22/2025 | Price change | $3,158-5%$3/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,687 +4.4% | $729,300 +2% |
| 2024 | $9,280 +23.1% | $715,000 +24.6% |
| 2023 | $7,539 +6.5% | $573,626 +2% |
Find assessor info on the county website
Neighborhood: Poly High District
Nearby schools
GreatSchools rating
- 4/10Whittier Elementary SchoolGrades: K-5Distance: 0.1 mi
- 5/10Franklin Classical Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Polytechnic High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$738,000