468 Gaviota Avenue
Long Beach, CA 90802
- – beds
- – baths
- – sqft
- 7,315 sqft lot
- 1923 build
- – on site
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.
Listed By CRMLS_CA / Jonathan Swire / The Agency
Last checked:
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Last updated May 24, 2024
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MLS# 24391489 —
Walk Score®
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Bike Score®
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Transit Score®
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Soundscore™
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/14/24
May 14, 2024
|
Listed / Active | CRMLS_CA | $1,950,000 | 4.0% (0.6% / YR) |
3/27/17
Mar 27, 2017
|
CRMLS_CA | $1,875,000 |