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    1050 Gaviota Avenue Long Beach, CA 90813

    Sponsored
    For Sale
    $4,675,000

    14-unit multifamily property in Long Beach, CA.

    Property size:
    12,474 SF

    Description

    Added:
    Jan 16, 2025
    Days on Market:
    358
    This exceptional 14-unit multifamily investment opportunity is located at 1050 Gaviota Avenue in Long Beach, California, 90813. Built in 1963, the property sits on a 0.28-acre lot encompassing 12,474 square feet. The unit mix includes one 4-bedroom/1-bathroom unit, three 3-bedroom/1-bathroom units with dens, four 3-bedroom/1-bathroom units, four 2-bedroom/1-bathroom units, and two 1-bedroom/1-bathroom units. On-site amenities include eight garages and a laundry room, generating supplemental income streams. The garages present a significant opportunity for the conversion into Accessory Dwelling Units (ADUs), further enhancing the property's value and rental income potential. Currently priced to yield a 5.62% capitalization rate and a gross rent multiplier (GRM) of 11.99, based on current rents. However, a market rent analysis indicates a substantial upside potential, with projections of a 6.67% capitalization rate and a 10.56 GRM achievable through rent stabilization. This property offers a compelling blend of immediate income and significant long-term growth potential, making it an attractive investment for discerning buyers seeking a strong return on investment in the thriving Long Beach market.

    Property Features for 1050 Gaviota Avenue

    General Information

    Property type
    Multifamily properties
    Square Feet
    12,474 SF
    Price / Square Foot
    $374
    Elevators
    N/A
    Lot Size
    12,474 SF

    Building Details

    Year Built
    1963

    HighLights

    • 14‑unit multifamily property in Long Beach, CA.
    • Offers eight garages and on‑site laundry, boosting income potential.
    • Strong potential for increased profitability through rent stabilization and ADU conversions.
    Location Intelligence

    Current Use by Public Records

    FREE MOBILE PHONE ... Cell Phone Accessory Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    State
    California
    Longitude
    -118.170594
    Latitude
    33.779947

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    FAQs

    What type of property is this?
    Multifamily property - 14-unit multifamily property in Long Beach, CA.
    Where is this multifamily property located?
    The property is located at 1050 Gaviota Avenue Long Beach, CA.
    What is the asking price?
    The asking price for this property is $4,675,000.
    What are key features of this property?
    This property features: 14-unit multifamily property in Long Beach, CA.; Offers eight garages and on-site laundry, boosting income potential.; Strong potential for increased profitability through rent stabilization and ADU conversions.
    (310) 774-3740
    Request Owner's contact information
    1050 Gaviota Avenue Long Beach, CA 90813
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    Long Beach, CA 90813
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1050 Gaviota Avenue Long Beach, CA 90813
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