$1,670,000

1432 Gaviota Ave Long Beach, CA 90813

Cambodia Town Neighborhood

Estimated payment $10,752/month

Total Views 2,252
1 Bed
10 Baths
3,616 Sq Ft
$462 Price per Sq Ft

Highlights

  • Laundry Room
  • Wall Furnace
  • 1-Story Property
  • Long Beach Polytechnic High School Rated A

About This Home

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.

Listing Agent

Cody Charnell

Sage Real Estate Group, Inc. Brokerage Phone: 562-896-3851 License #01950585 Listed on: 07/14/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,532 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 3,616 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 10 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 3794
  • Assessor Parcel Number 7261015012
  • $1,619 per year additional tax assessments

Community Details

Overview

  • 10 Units
  • Poly High Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $12,000
  • Maintenance Expense $7,500
  • Pest Control $960
  • Professional Management Expense $10,520
  • New Taxes Expense $20,875
  • Operating Expense $74,670
  • Gross Income $183,780
  • Net Operating Income $103,521

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 6.20
  • Price Per Unit: 167000
  • Professional Management Expense: 10520.00
  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 7261015012
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 461.84

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 960.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6532.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 183780.00
  • Gross Multiplier: 8.92
  • Gross Scheduled Income: 187260.00
  • Insurance Expense: 12000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6532.0000 Square Feet
  • Maintenance Expense: 7500.00
  • Net Operating Income: 103521.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 74670.00
  • Other Expense Description: See OM
  • Other Income1: 5880.00
  • Other Income Description: RUBS Income
  • Rent Control: Yes
  • Total Expenses: 74670.00
  • Vacancy Allowance: 9189
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 20875.00
  • Tax Census Tract: 5752.02
  • Tax Lot: 10
  • Tax Tract Number: 3794
  • TaxOtherAnnualAssessmentAmount: 1619.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 For Sale $1,670,000 -- $462 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25157783

California Regional Multiple Listing Service (CRMLS)

APN: 7261-015-012

California Los Angeles County Long Beach 90813 Cambodia Town

1432 Gaviota Ave, Long Beach, CA

This home is located at 1432 Gaviota Ave, Long Beach, CA 90813 and is currently priced at $1,670,000, approximately $461 per square foot. This property was built in 1923. 1432 Gaviota Ave is a home located in Los Angeles County with nearby schools including Whittier Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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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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Cody Charnell
Listing Agent
Cody Charnell
Section Image
Sage Real Estate Group, Inc.
(562) 580-4502