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Search Cali Homes Team
1432 Gaviota Avenue, Long Beach, CA 90813
- $1,600,000
Listing courtesy of Listing Agent: Cody Charnell (cody@sageregroup.com) from Listing Office: Sage Real Estate Group, Inc..
Selling Office: Realty One Group United.- Sold Price
- $1,600,000
- List Price
- $1,670,000
- Status
- CLOSED
- Days on Market
- 56
- Closing Date
- Dec 03, 2025
- MLS#
- PW25157783
- Subtype
- Residential Income
- Year Built
- 1923
- Lot Size
- 6,532
- Acres
- 0.15
- Subdivision
- Poly High (Ph)
- Neighborhood
- Poly High (Ph)
- MLS Area Major
- Poly High (9)
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.
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Additional Information
- Zoning
- LBR2N
- Heating
- Wall Furnace
- Stories
- One Level
- Levels
- One
- Pool Type
- None
- Parking Features
- None
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.