31-Unit Multifamily Portfolio
For Sale
Contact for pricing
1042 & 1050 Gaviota Ave, Long Beach, CA 90813
Four multifamily properties totaling 31 units with onsite laundry and surface/garage parking.
Property SizeContact for details
Days on Market125
Property Features for 1042 & 1050 Gaviota Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
31
Amenities
on-site laundry facilities
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3200
Listed By:
Tyler Leeson · License #CA 01451551
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 7:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
This 31-unit, four-property multifamily portfolio tranche is offered as part of a larger 155-unit, 17-building package. The combined buildings include a range of floor plans from one to six bedrooms. On-site laundry facilities are available across the properties, along with ample surface parking and garage parking.
Approximately 45% of the units are under Section 8 housing, supporting an established rental program within the tranche. The portfolio is positioned centrally in Long Beach, with residents having convenient access to local dining, entertainment, and retail options.
As described in the offering materials, a new investor would have the ability to convert all units into Section 8 housing. Alternatively, the garages could potentially be converted into up to eight accessory dwelling units (ADUs). Drive by only; do not walk the property or disturb residents.
Approximately 45% of the units are under Section 8 housing, supporting an established rental program within the tranche. The portfolio is positioned centrally in Long Beach, with residents having convenient access to local dining, entertainment, and retail options.
As described in the offering materials, a new investor would have the ability to convert all units into Section 8 housing. Alternatively, the garages could potentially be converted into up to eight accessory dwelling units (ADUs). Drive by only; do not walk the property or disturb residents.
Key Highlights
- 31‑unit multifamily portfolio made up of 4 properties in Long Beach, CA
- 4 properties include a combined total of 27,000+ sq ft of rentable living space
- Unit mix ranges from one to six‑bedroom floor plans
Property Analytics
Property Profile
Current Use
Lease Details
31
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Four multifamily properties totaling 31 units with onsite laundry and surface/garage parking.
Where is this apartment building located?
The property is located at 1042 & 1050 Gaviota Ave Long Beach, CA.
What are key features of this property?
This property features: 31‑unit multifamily portfolio made up of 4 properties in Long Beach, CA; 4 properties include a combined total of 27,000+ sq ft of rentable living space; Unit mix ranges from one to six‑bedroom floor plans
