468 Gaviota Ave
Long Beach,
CA
90802
Property Details
List Price: |
$1,900,000 |
Beds: |
4 |
Baths: |
-- |
Status: |
Active |
SqFt: |
5938 |
Agency: |
The Agency |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1923 |
Notes: |
$50K PRICE REDUCTION. PRICED TO SELL. 9.3 GRM and 6.7% CAP on actual rents with upside to a 7.3% CAP. ONLY $320/SF. 12 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Located on the East Side of Long Beach just blocks from Retro Row - with all the cute shops and restaurants. The property is professionally managed and well maintained. There are 4 garages in the rear of the property - potential ADU opportunity - Buyer to verify. Additionally, only two of these spaces are leased, leaving rental upside by leasing the other two. The property features a TPO roof that is in good condition. Major building systems have been updated - plumbing, electrical and roof. Buyer to verify. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL. |
MlsNumber: |
24-391489 |
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Listing Provided By: |
The Agency, original listing |
Name: |
The Agency |
Phone: |
(424) 230-3700 |
Office Name: |
The Agency |
Office Phone: |
(424) 230-3700 |
Agent Name: |
Jonathan Swire |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |