$1,600,000
SOLD DEC 3, 2025

1432 Gaviota Ave Long Beach, CA 90813

Cambodia Town Neighborhood
1 Bed
10 Baths
3,616 Sq Ft
6,532 Sq Ft Lot

Recently Sold

$442 Per Sq Ft

4% Below List Price

56 Days on Market

Highlights

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

About This Home

As of December 2025

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.

Last Agent to Sell the Property

Cody Charnell

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

Last Buyer's Agent

Austin Carr

Realty One Group United License #01986298

Realty One Group United

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
  • Entry on the 1st floor

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
  • 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
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 442.48

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 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

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
12/03/2025 12/03/25 Sold $1,600,000 -4.2% $442 / Sq Ft
09/08/2025 09/08/25 Pending -- -- --
07/14/2025 07/14/25 For Sale $1,670,000 -- $462 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cody Charnell

    Seller's Agent in 2025

    Cody Charnell

    Sage Real Estate Group, Inc.

    (562) 896-3851

    1 in this area

    47 Total Sales

    Cody Charnell
    Section Image
  • Austin Carr

    Buyer's Agent in 2025

    Austin Carr

    Realty One Group United

    (562) 537-7496

    1 in this area

    20 Total Sales

    Austin Carr
    Section Image
See All Agents

Map

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

Sold

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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.

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