Long Beach, CA 90813,1432 Gaviota Avenue
Listed by Cody Charnell • Sage Real Estate Group, Inc.
Bought with Austin Carr • Realty One Group United
$1,600,000
$1,670,000
4.2%
Est.Price: ?

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3,616 SqFt

1432 Gaviota Avenue Long Beach, CA 90813

Est. payment /mo
SOLD DATE : 12/03/2025

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Key Details

Sold Price $1,600,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 3,616 sqft

Price per Sqft $442

MLS Listing ID CRPW25157783

Year Built 1923

Lot Size 6,532 Sqft

Property Sub-Type Other

Property Description

Now available in one of Long Beach's most affordable and high-demand rental neighborhoods, this charming 10-unit Spanish-style apartment building offers a rare blend of character and cash flow. The property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. With a strong annual gross income of $187,260 and an attractive 6.2% cap rate, this asset presents an excellent opportunity for investors seeking stable returns in a supply-constrained rental market. 4 of the units currently pay RUBS which generates $490/mo. Don't miss this chance to own a classic, income-producing property in a thriving Long Beach location.

Location

State CA

County Los Angeles

Interior

Heating Wall Furnace

Cooling None

Laundry Other

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Max Manatt

Max Manatt

Agent | License ID: 01957416

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