Updated 16-Unit Apartment
For Sale
Contact for pricing
226 Gaviota Avenue, Long Beach, CA 90802
Studios and two-bedroom residences feature newer kitchens, bathrooms, and vintage built-ins.
Property SizeContact for details
Days on Market10
Property Features for 226 Gaviota Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Stepp Commercial
Listed By:
Robert Stepp · License #CA 01456379
(310) 463-2916
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 16 at 3:45PM
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 Stepp Commercial
Investment Insights
Based on property information with market context.
This 16-unit apartment property includes 12 studios and four two-bedroom residences. Unit interiors have been refreshed with newer kitchens and bathrooms while retaining vintage built-ins and period character. Electrical upgrades have been completed in 12 units, supporting the property's ongoing physical improvements.
The building is located at 226 Gaviota Avenue in Alamitos Beach, Long Beach, with nearby dining, shopping, entertainment, and beach access. Downtown Long Beach and major employment centers are also in proximity. Current rents are approximately 12.5% below pro forma levels, and RUBS implementation is identified as part of the operating plan. The asset has a 6.10% in-place cap rate and a projected 7.43% pro forma cap rate.
The building is located at 226 Gaviota Avenue in Alamitos Beach, Long Beach, with nearby dining, shopping, entertainment, and beach access. Downtown Long Beach and major employment centers are also in proximity. Current rents are approximately 12.5% below pro forma levels, and RUBS implementation is identified as part of the operating plan. The asset has a 6.10% in-place cap rate and a projected 7.43% pro forma cap rate.
Key Highlights
- 16‑unit apartment building with 12 studios and four two‑bedroom units
- Newer kitchens and bathrooms across the unit interiors
- Vintage built‑ins and period details retained throughout the property
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,813
Businesses Nearby
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Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Studios and two-bedroom residences feature newer kitchens, bathrooms, and vintage built-ins.
Where is this apartment building located?
The property is located at 226 Gaviota Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 16‑unit apartment building with 12 studios and four two‑bedroom units; Newer kitchens and bathrooms across the unit interiors; Vintage built‑ins and period details retained throughout the property
