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

Bedrooms4 Baths12.0 Sq 5,938

Monthly Estimate*

^$ 12,628

Listed by The Agency

468 Gaviota Avenue, Long Beach, CA 90802 - Image 1

468 Gaviota Avenue, Long Beach, CA 90802 - Image 2

468 Gaviota Avenue, Long Beach, CA 90802 - Image 3

468 Gaviota Avenue, Long Beach, CA 90802 - Image 4

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

468 Gaviota Avenue, Long Beach, CA 90802 - Image 6

468 Gaviota Avenue, Long Beach, CA 90802 - Image 7

468 Gaviota Avenue, Long Beach, CA 90802 - Image 8

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

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

468 Gaviota Avenue, Long Beach, CA 90802 - Image 11

468 Gaviota Avenue, Long Beach, CA 90802 - Image 12

468 Gaviota Avenue, Long Beach, CA 90802 - Image 13

468 Gaviota Avenue, Long Beach, CA 90802 - Image 14

Multi-Family Home for sale in Long Beach, CA

for $1,900,000 with 4 bedrooms and 12 full baths. This 5,938 square foot home was built in 1923 on a lot size of 0.1679.

$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

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1679

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

24391489

Days on Market

Features

General

Heating WallFurnace

Cooling None

Zoning LBR1N

Year Built 1923

Levels MultiSplit

Gross Income 205000.0

County Los Angeles

Net Operating Income 128000.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 12 units near Retro Row in Long Beach.

City Long Beach

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 12

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units SquareFeet

Lot Size Square Feet 7315.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 21

Standard Status Active

Cap Rate 6.7

Exterior

Parking Features Assigned

Total Parking 5.0

Lot Size Area 7315.0

Number of Buildings 2

Spa N

Building Area Total 5938.0

Lot Dimensions 50x150

Lot Size Acres 0.1679

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Laundry Features CommonArea

Total Bedrooms 4

Electric On Property Y/N N

Total Baths 12

Internal Only

Street Number 1 468

* Excluded Features

List By

The Agency

Broker

(310) 948-2631

Phone

Affordability Calculator

$12,628

Per Month

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

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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 ^$2,052,601

Percent of Sale Price 8%

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.

273443 Elementary School

272636 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 0.1679. 468 Gaviota Avenue has 4 bedrooms, 12.0 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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468 Gaviota Avenue

Multi-Family Home for sale in Long Beach, CA

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