1050 Gaviota Ave - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$4,500,000 USD
714-814-2088
1050 Gaviota Ave, Long Beach, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/17
null | 5.57% Cap Rate

1050 Gaviota Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Attractive In-Place Performance with a 5.57% CAP rate on current operations.
  • Clear Pro Forma Upside to a 6.20% CAP and 11.06 GRM, with Healthy Cash-on-Cash Returns, delivering 3.3% year 1 return
  • Proximity to Major Employment Drivers including St. Mary Medical Center, the Long Beach Port, Long Beach City College and Downtown Business District.
  • Large Unit mix consisting of 2BDR, 3BDR and 4BDR floor plans.
  • Private Interior Courtyard Setting, offering a quiet community centered environment.
  • Secure, Gated Entry System with outside parking and Garages for select units

OVERVIEW

1050 Gaviota Avenue offers investors a rare opportunity to acquire a well-located, courtyard-style multifamily asset with strong in-place cash flow and clearly defined upside in one of Southern California’s most supply-constrained coastal rental markets. The property’s oversized, family-oriented floor plans, secure gated entry, and central courtyard configuration appeal to long-term renters, supporting stable occupancy, lower turnover, and consistent rent collections. Through interior modernization, targeted exterior enhancements, and professional management optimization, new ownership can enhance operating performance and realign rents toward market levels while maintaining a conservative capital profile.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$291 USD /SF

# OF UNITS

14

PRICE/UNIT

$321,429

CAP RATE

5.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,506 SF

ZONING

R2N, Long Beach

APN/PARCEL ID

7267-012-041

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

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Albert LeLe Investment GroupMore Info
714-814-2088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.