Gated 9-Unit Income
For Sale
$2,348,000
1083 Gaviota Avenue, Long Beach, CA 90813
Well-maintained gated 9-unit building with secure entry, onsite parking, and a shared laundry area.
Property Size7,093 SF
Price / SF$331.03
Days on Market104
Property Features for 1083 Gaviota Avenue
General Information
Standard status
Active
Size
7,093 SF
Property subtype
Apartment
Site & Location
Neighborhood
Aoc7
Highway Access
Yes
Additional Details
Multifamily Units
9
Building Details
Building Size
7,093 SF
Year Built
1963
Tenancy
Multi
Listing Agency:
JohnHart Real Estate
Listed By:
Channy Chor · License #01836138
(213) 608-6408
Source:
Velocityrealtysd
Added: Jul 20
Changed: Oct 31
Last Checked: Oct 30 at 9:22PM
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 JohnHart Real Estate
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Investment Insights
Based on property information with market context.
Now available in Long Beach, this well-maintained 9-unit income property offers a secure, low-maintenance setup with a fully gated exterior and secure entry. The building includes onsite parking and a shared laundry area, supporting day-to-day tenant needs. Unit layouts are functional throughout, and several units have been updated with newer flooring, fresh paint, upgraded kitchens, and remodeled bathrooms.
The property is positioned in a highly accessible area near major freeways, public transit, shopping centers, and local schools. BikeScore is 59 (Bikeable), WalkScore is 87 (Very Walkable), and TransitScore is 50 (Good Transit), helping support tenant accessibility.
With approximately 7,093 square feet of rentable space, this 9-unit building presents an opportunity for buyers seeking income-producing multifamily ownership with unit-level updates already completed in parts of the mix.
The property is positioned in a highly accessible area near major freeways, public transit, shopping centers, and local schools. BikeScore is 59 (Bikeable), WalkScore is 87 (Very Walkable), and TransitScore is 50 (Good Transit), helping support tenant accessibility.
With approximately 7,093 square feet of rentable space, this 9-unit building presents an opportunity for buyers seeking income-producing multifamily ownership with unit-level updates already completed in parts of the mix.
Key Highlights
- Well‑maintained 9‑unit income property built in 1963
- Approximately 7,093 SF of rentable space
- Fully gated building with secure entry and onsite parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,240
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,004,800
$3.0M
Cap Rate 7%
$2,146,286
$2.1M
Cap Rate 9%
$1,669,333
$1.7M
Market Conditions
NOI Build-Up for 7,093 SF
Gross rent
$285.1K $40.20/SF
− Vacancy
−$12.0K −$1.69/SF
EGI
$273.2K $38.51/SF
− OpEx
−$122.9K −$17.33/SF
NOI
$150.2K $21.18/SF
Area
ZIP 90813
Vacancy
4.20%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,004,800
Cap Rate 7%
$2,146,286
Cap Rate 9%
$1,669,333
Alternative Uses
Best Use
Apartment 5plus
$2.15M
$1.88M – $2.50M
NOI $150,240 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.33M
$2.04M – $2.72M
NOI $163,031 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,647
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained gated 9-unit building with secure entry, onsite parking, and a shared laundry area.
Where is this apartment building located?
The property is located at 1083 Gaviota Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $2,348,000.
What are key features of this property?
This property features: Well‑maintained 9‑unit income property built in 1963; Approximately 7,093 SF of rentable space; Fully gated building with secure entry and onsite parking
