Gated 9-Unit Income
1083 Gaviota Ave Long Beach, CA 90813
For Sale
$2,348,000
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 Market10
Property Features for 1083 Gaviota Ave
General Information
Standard status
Active
Size
7,093 SF
Property subtype
Commercial
Building Details
Year Built
1963
Listing Agency:
JohnHart Real Estate
(213) 608-6408
Listed By:
Chanly Chor · License #01836138
Source:
Elliman
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 28 at 8:11AM
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
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $285.1k | $40.20 |
| − Vacancy | −$12.0k | −$1.69 |
| EGI | $273.2k | $38.51 |
| − OpEx | −$122.9k | −$17.33 |
| NOI | $150.2k | $21.18 |
7,093 SF · lease $40.20/SF/yr · vacancy 4.20% · expense 45.00%
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.
Property Analytics
Location Intelligence
Current Use
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 Ave 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
