Long Beach, CA 90813,1464 Gaviota AVE

$1,200,000

$1,195,000

0.4%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 09/15/2016

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID PW16089030

Sold Date 09/15/16

HOA Y/N No

Year Built 1922

Property Description

The Gaviota property is a highly upgraded and well maintained 3 building, 11 unit apartment complex located just North of E. Anaheim St. thoroughfare, providing ease of access to public transportation and major freeways. Schools, parks and neighborhood amenities are all in close proximity. Current rents are at 20% below market, providing an immediate revenue increase and additional cash flow opportunity. The Gaviota apartments are in a high demand rental location for blue collar workers, resulting in consistent low vacancy rates and increasing rents. Positioned for a Investor who wants a low maintenance property and who is focused on the bottom line ROI!! Fully occupied, the Gaviota property provides an investment opportunity with immediate cash flow increase & a strong medium term gain potential.

Long Beach is the 7th largest city in CA and is situated on San Pedro Bay, centrally located near a number of education, employment and entertainment facilities. The city boasts the CA State University of LB, Queen Mary and Aquarium of the Pacific. LB offers fixed and flexible transit, has its own Long Beach Airport, and is in close proximity to the 710, 22, 405 freeways making it one of the most accessible cities in Southern California.

Location

State CA

County Los Angeles

Area 9 - Poly High

Interior

Fireplace No

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Available

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Water Public

Others

Senior Community No

Tax ID 7261015007

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Listing Terms Submit

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Todd Hawke • Investment Property Group
Bought with Bob Herrera • Professional Real Estate Servi

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Kris Rainwaters

REALTOR® | Lic# 02111780

+1(602) 561-3114

PO Box 106 Lake Arrowhead, CA 92352

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