1025 Gaviota AvenueLong Beach, CA 90813
Eastside (ES) · Los Angeles County
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 location—just one block north of 10th Street and east of Walnut Avenue—close 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!
Property Information
- Property type
- Residential Income
- Sub-type
- Apartment
- Year built
- 1987
- Stories
- 3
- Building area
- 7,000 Sq Ft
- Lot size
- 0.14 acres
- Parking spaces
- 12
- Days on market
- 58
- MLS® Listing#
- AR26188327
Property Features
- Pool
- None
- Parking
- Assigned
- Laundry
- Common Area
- Community
- Curbs · Sidewalks
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 7267011011
Directions
Anaheim to the north, Cherry to the east
Listing Courtesy: IRN Realty - 626-786-2143
Presented by: Bing Hou
Licensed in the state of California.
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