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    1464 Gaviota Avenue

    Long Beach, CA 90813
    • $1,925,000
    • STATUS: Active
    • ON SITE: 126 days
    • ID#: SR20096585
    UPDATED: 59 min ago
    $1,925,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,626
      SQFT
    • $416
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    This property is a well maintained 3 building, 11 unit apartment complex locate just north of E. Anaheim Street thoroughfare, providing ease of access to public transportation and major freeways. Schools, parks, and neighborhood amenities are all in close proximity. Current rents are about 20% below market, providing a revenue increase and additional cash flow opportunity. The Gaviota Apartments are in a high demand rental location for blue collar workers, resulting in consistent occupancy and increasing rents. Positioned for an investor who wants relatively high returns and a solid inflation hedge against our unhinged money printing federal reserve authority. Long Beach is the 7th largest city in California, and is situated on San Pedro bay, centrally located near a number of Education, Employment, and Entertainment facilities. The city boasts the California State University of Long Beach, Queen Mary, and Aquarium of the Pacific. Long Beach offers fixed and flexible transit, has its own Long Beach Airport, and is in close proximity of 710, 22, 405 freeways, making it one of the most accessible cities in Southern California.

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    Based on information from CRISNet MLS as of 2020-09-24T21:56:17.507. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-24T21:56:17.507. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/106072005
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    1464 Gaviota Avenue Long Beach, CA 90813

    • Price: $1,925,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: SR20096585
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,626
    SQFT
    $416
    $/SQFT
    1922
    Built
    Neighborhood:
    Other (Othr)
    County:
    Los Angeles
    Area:
    9 - Poly High
    Property Description
    This property is a well maintained 3 building, 11 unit apartment complex locate just north of E. Anaheim Street thoroughfare, providing ease of access to public transportation and major freeways. Schools, parks, and neighborhood amenities are all in close proximity. Current rents are about 20% below market, providing a revenue increase and additional cash flow opportunity. The Gaviota Apartments are in a high demand rental location for blue collar workers, resulting in consistent occupancy and increasing rents. Positioned for an investor who wants relatively high returns and a solid inflation hedge against our unhinged money printing federal reserve authority. Long Beach is the 7th largest city in California, and is situated on San Pedro bay, centrally located near a number of Education, Employment, and Entertainment facilities. The city boasts the California State University of Long Beach, Queen Mary, and Aquarium of the Pacific. Long Beach offers fixed and flexible transit, has its own Long Beach Airport, and is in close proximity of 710, 22, 405 freeways, making it one of the most accessible cities in Southern California.
    Exterior Features

    Lot Features No Landscaping Lot Size Area 6517.0000 Number Of Rented Garages 2 Parking Total 2.00

    Interior Features

    Common Walls 2+ Common Walls Laundry Features Common Area Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features Street Lights Electric Expense 500.00 Exclusions Refrigerators Fuel Expense 0.00 Gardener Expense 960.00 Gross Income 0.00 Gross Scheduled Income 130968.00 Insurance Expense 300.00 Land Lease YN No Maintenance Expense 4000.00 Net Operating Income 89258.00 New Construction YN No New Taxes Expense 2650.00 Number Of Separate Electric Meters 12 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 4170.00 Pool Features None Pool Private YN No Professional Management Expense 0.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Unknown Total Expenses 4170.00 Trash Expense 0.00 Water Sewer Expense 7000.00 Water Source Public Zoning Lbr2n

    Listing provided courtesy of Amir Sahebi, CA DRE# , of Preview Real Estate.


    Based on information from CRISNet MLS as of 2020-09-24T21:56:17.507. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-24T21:56:17.507. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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