1025 Gaviota AvenueLong Beach, CA 90813

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