468 Gaviota Avenue Long Beach, CA ^$ 1,900,000

468 Gaviota Avenue

^$ 1,900,000

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468 Gaviota Avenue

Long Beach, CA, 90802

^$ 1,900,000

Studio Baths0.0 Sq 5,938

Monthly Estimate*

^$ 12,628

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468 Gaviota Avenue, Long Beach, CA 90802 - Image 5

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468 Gaviota Avenue, Long Beach, CA 90802 - Image 9

468 Gaviota Avenue, Long Beach, CA 90802 - Image 10

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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,900,000. This 5,938 square foot home was built in 1923 on a lot size of 0.17.

$50K PRICE REDUCTION. PRICED TO SELL. 9.3 GRM and 6.7% CAP on actual rents with upside to a 7.3% CAP. ONLY $320/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.

Multi-Family Active

Price

^$ 1,900,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.17

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

0024391489

Features

General

Heating Wall Furnace

Zoning LBR1N

Year Built 1923

Levels Multi/Split

County Los Angeles

Net Operating Income 128000.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Long Beach

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units Square Feet

Lot Size Square Feet 7315.0

Street Name Gaviota

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Parking Features Assigned

Lot Size Area 7315.0

Foundation Details None

Building Area Total 5938.0

Lot Dimensions 50x150

Lot Size Acres 0.17

Land Lease Type Fee

Interior

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Street Suffix Avenue

Laundry Features Community

Total Baths 0

* Excluded Features

List By

Jonathan Swire

Listing Agent

The Agency

Broker

Affordability Calculator

$12,628

Per Month

Monthly Principal & Interest: $12,628
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

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 ^$2,062,616

Percent of Sale Price 9%

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/3/2024	$1,900,000	-2.56%	Price Down
5/14/2024	$1,950,000		Listed Price

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468 Gaviota Avenue, Long Beach, CA, 90802 is a Multi-Family Home for sale at $1,900,000 with 5,938 sqft and a lot size of 0.17. 468 Gaviota Avenue is a studio with 0.0 baths and was built in 1923. The property's zip code is 90802 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 6/3/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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468 Gaviota Avenue

Multi-Family Home for sale in Long Beach, CA

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