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468 Gaviota Ave, Long Beach, CA 90802
$1,900,000
468 Gaviota Ave, Long Beach, CA 90802View this property at 468 Gaviota Ave, Long Beach, CA 90802
468 Gaviota AveLong BeachCA90802
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Property Description
$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.
Full Property Details
Full Property Details for 468 Gaviota Ave
General
- Price: $1,900,000
- Status: Active
- Type: Multi-Family
- MLS ID: 24-391489
- Updated: 6/3/2024
- Added to Site: 28 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Community
Additional Information
- Other Features: None
Parking
- Garage Description: Assigned
Location
- Area: Downtown Area, Alamitos Beach
- County: Los Angeles
- Driving Directions: 12 units near Retro Row in Long Beach.
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall
Structural Information
- # Buildings: 2
- Stories/Levels: 2
- Square Feet: 5,938
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1923
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 12
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1679
- Lot Size: 7315
- Lot Size Source: Vendor Enhanced
- Lot Dimensions: 50 x 150
- Zoning: LBR1N
Financial Considerations
- Price Per Sq. Ft.: $319.97
- Assessment Year: 1923
Disclosures and Reports
- Disclosures/Reports: None
- APN: 7266-020-008
Listed by The Agency, Jonathan Swire
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Schools
Schools serving 468 Gaviota Ave
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
501 Junipero Ave, Long Beach, CA 90814 | PK-5 | 0.3 mi | |
540 Cerritos Ave, Long Beach, CA 90802 | 6-8 | 0.4 mi | |
1600 Atlantic Ave, Long Beach, CA 90813 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 468 Gaviota Ave
Date
Details
Price
Change
Source
6/03/2024
Price Reduced
$1,900,000
-2.56%
MLS
5/13/2024
Listed
$1,950,000
4.39%
MLS
3/06/2017
Sold
$1,868,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 468 Gaviota Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$27,979
6%
$2,085,025
2%
2022
$26,272
-2%
$2,044,167
2%
2021
$26,687
4%
$2,004,111
1%
2020
$25,660
-2%
$1,983,575
2%
2019
$26,157
6%
$1,943,467
2%
2018
$24,694
255%
$1,905,360
340%
2017
$6,949
7%
$433,181
2%
2016
$6,470
4%
$424,689
2%
2015
$6,243
—
$418,311
2%
2014
$6,267
3%
$410,118
—
2013
$6,096
—
$408,265
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 468 Gaviota Ave
468 Gaviota Ave, Long Beach, CA 90802 (MLS# 24-391489) is a Multi-Family property with units containing 4 bedrooms and 0 full bathrooms. 468 Gaviota Ave is currently listed for $1,900,000 and was received on May 13, 2024. Want to learn more about 468 Gaviota Ave? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.