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$ 1,670,000
Est. payment /mo
Active
1432 Gaviota Avenue Long Beach, CA 90813
3,616 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,616 sqft
Price per Sqft $461
MLS Listing ID CRPW25157783
HOA Y/N No
Year Built 1923
Lot Size 6,532 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
Now available in one of Long Beach’s most affordable and high-demand rental neighborhoods, this charming 10-unit Spanish-style apartment building offers a rare blend of character and cash flow. The property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. With a strong annual gross income of $187,260 and an attractive 6.2% cap rate, this asset presents an excellent opportunity for investors seeking stable returns in a supply-constrained rental market. 4 of the units currently pay RUBS which generates $490/mo. Don’t miss this chance to own a classic, income-producing property in a thriving Long Beach location.
Location
State CA
County Los Angeles
Zoning LBR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Other
Building
New Construction No
Others
Tax ID 7261015012
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Cody Charnell • Sage Real Estate Group, Inc.