1025 Gaviota Ave Long Beach, CA 90813
Hellman NeighborhoodEstimated payment $15,388/month
Highlights
- No HOA
- Laundry Facilities
- Level Lot
- Long Beach Polytechnic High School Rated A
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!
Listing Agent
IRN Realty Brokerage Phone: 626-786-2143 License #01026586 Listed on: 09/09/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 6,085 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,000 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Full Bathrooms
Parking
- 12 Parking Spaces
- 12 Carport Spaces
- Parking Available
- Assigned Parking
Listing and Financial Details
- Tax Lot 10
- Assessor Parcel Number 7267011011
Community Details
Overview
- No Home Owners Association
- 9 Units
- Eastside Subdivision
Amenities
- Laundry Facilities
Building Details
- 8 Leased Units
- Rent Control
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,200
- Fuel Expense $1,200
- Gardener Expense $600
- Insurance Expense $9,500
- Maintenance Expense $8,000
- Pest Control $600
- Professional Management Expense $13,000
- Trash Expense $900
- Water Sewer Expense $9,600
- New Taxes Expense $30,000
- Operating Expense $75,110
- Gross Income $6,000
- Net Operating Income $147,418
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $31,050 | $2,332,544 | $1,592,958 | $739,586 |
| 2025 | $31,050 | $2,286,809 | $1,561,724 | $725,085 |
| 2024 | $29,683 | $2,241,970 | $1,531,102 | $710,868 |
| 2023 | $29,179 | $2,198,011 | $1,501,081 | $696,930 |
| 2022 | $27,394 | $2,154,914 | $1,471,649 | $683,265 |
| 2021 | $26,831 | $2,112,662 | $1,442,794 | $669,868 |
| 2019 | $15,893 | $1,185,385 | $412,117 | $773,268 |
| 2018 | $15,448 | $1,162,298 | $404,037 | $758,261 |
| 2016 | $14,200 | $1,109,574 | $388,349 | $721,225 |
| 2015 | $13,647 | $1,092,908 | $382,516 | $710,392 |
| 2014 | $13,587 | $1,071,501 | $375,024 | $696,477 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/09/2026 09/09/26 | For Sale | $2,250,000 | +9.8% | $321 / Sq Ft | |
| 04/09/2019 04/09/19 | For Sale | $2,050,000 | 0.0% | $293 / Sq Ft | |
| 01/29/2019 01/29/19 | Sold | $2,050,000 | 0.0% | $293 / Sq Ft | View Prior Sale |
| 01/04/2019 01/04/19 | Off Market | $2,050,000 | -- | -- | |
| 11/14/2018 11/14/18 | Price Changed | $2,050,000 | -8.9% | $293 / Sq Ft | |
| 11/14/2018 11/14/18 | For Sale | $2,250,000 | -- | $321 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $2,050,000 | First American Title Company | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | $1,000,000 | First American Title | |
| Grant Deed | $1,000,000 | First American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Grant Deed | $975,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | North American Title Co | |
| Grant Deed | $364,000 | North American Title Co | |
| Corporate Deed | $262,500 | North American Title Co | |
| Trustee Deed | $275,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,370,000 | Commercial | |
| Previous Owner | $850,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $650,000 | Commercial | |
| Previous Owner | $682,500 | Commercial | |
| Previous Owner | $273,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: AR26188327
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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