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$ 2,250,000
Est. payment /mo
New
1025 Gaviota Avenue Long Beach, CA 90813
8 Beds
8 Baths
6,085 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID AR26188327
Bedrooms 8
Lot Size 6,085 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime 9-unit multi-family investment and potential condo conversion opportunity in a high-demand, low-vacancy Long Beach neighborhood! Built in 1987, this exceptionally updated, well-maintained, turn-key, three-story walk-up building offers approximately 7,000 rentable square feet featuring a strong unit mix of seven 2-bedroom/2-bathroom units and two 1-bedroom/1-bathroom units. Select 2-bedroom residences enjoy private balconies and patios. Tenants benefit from a quiet, well-managed environment with gated intercom entry, security doors, and secured gated parking. Units are separately metered for gas and electricity. Convient locationjust one block north of 10th Street and east of Walnut Avenueclose to shopping, dining, and transit. Fully occupied with stable, quality tenants and current rents well below market rates, this property offers an outstanding turn-key asset with immediate upside and massive cash flow growth potential!
Location
State CA
County Los Angeles
Zoning Assessor
Direction Anaheim to the north, Cherry to the east
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 7267011011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Bing Hou, DRE#01026586 IRN Realty