New
$2,250,000
16 bd · 16 ba · · 6,085 sqft lot
1025 Gaviota Ave, Long Beach, CA 90813
Multi-family · Built 1987 ·
$13,780/mo est. payment
- Stories
- 3
Flood factor 1/10
About this home
Prime 9-unit multi-family investment and potential condo conversion opportunity in a high-demand, low-vacancy Long Beach neighborhood! Built in 1987, this exceptionally updated, well-maintained, turn-key, three-story walk-up building offers approximately 7,000 rentable square feet featuring a strong unit mix of seven 2-bedroom/2-bathroom units and two 1-bedroom/1-bathroom units. Select 2-bedroom residences enjoy private balconies and patios. Tenants benefit from a quiet, well-managed environment with gated intercom entry, security doors, and secured gated parking. Units are separately metered for gas and electricity. Convient location-just one block north of 10th Street and east of Walnut Avenue-close to shopping, dining, and transit. Fully occupied with stable, quality tenants and current rents well below market rates, this property offers an outstanding turn-key asset with immediate upside and massive cash flow growth potential!
Facts and features
Bedrooms
- Bedrooms: 16
Bathrooms
- Total Bathrooms: 16
- Full Bathrooms: 16
Appliances
- Laundry Features: Community
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: Level with Street
- Lot Size Acres: 0.1397
- Lot Size Source: Assessor
- Lot Size Square Feet: 6085
Garage and Parking
- Carport Spaces: 12
- Parking Features: Assigned
- Parking Total: 12
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Gardener Expense: 600
- Maintenance Expense: 8000
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 9
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Bedrooms in Unit-5: 2
- Bedrooms in Unit-6: 2
Rental Info
- Gross Income: 6000
- Gross Scheduled Income: 222528
- Number of Units Leased: 8
- Tenant Pays: Gas, Trash Collection, Electricity
- Rent Control: Yes
Schools
- 7
Lincoln Elementary School
elementary · K-5 · 0.4 mi
- 4
Franklin Classical Middle School
middle · 6-8 · 0.6 mi
- 7
Polytechnic High School
high · 9-12 · 0.9 mi
Huntington Academy
elementary · K-5 · 0.4 mi
Huntington Academy
elementary · K-4 · 0.4 mi
City Christian School
elementary · K-6 · 0.5 mi
Price history
- Sep 9, 2026 · Listed$2,250,000
- Apr 9, 2019 · Listed$2,050,000
- Jan 29, 2019 · Sold$2,050,000
- Nov 14, 2018 · Listed$2,050,000
- Mar 30, 2011 · Sold$1,000,000
- Jan 17, 2009 · Listing Removed$975,000
- Dec 19, 2008 · Listing Removed$1,025,000
- Nov 14, 2008 · Listing Removed$975,000
Tax history
- 2025$31,050 tax · $2,332,544 assessed
- 2024$29,683 tax · $2,286,809 assessed
- 2023$29,179 tax · $2,198,011 assessed
- 2022$27,393 tax · $2,154,914 assessed
- 2021$26,831 tax · $2,112,662 assessed
- 2020$26,761 tax · $2,091,000 assessed
- 2019$15,892 tax · $1,177,485 assessed
- 2018$15,448 tax · $1,154,398 assessed
Home value
$1,025,000
- Collateral Analytics$1,025,000
- Quantarium$3,075,574
Where it is
Listed by Bing Hou · Irn Realty · CRMLS
