NOT LISTED FOR SALE

1464 Gaviota Ave Long Beach, CA 90813

Cambodia Town Neighborhood
4 Beds
3 Baths
4,626 Sq Ft
6,517 Sq Ft Lot

Last Sold September 15, 2016

Last sale price $1,200,000 $259 Per Sq Ft

74 Days on Market

About This Home

As of September 2016

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.

Last Agent to Sell the Property

Todd Hawke

Keller Williams Realty Downey License #01376219 Listed on: 04/28/2016

Keller Williams Realty Downey

Last Buyer's Agent

Bob Herrera

Professional Real Estate Servi License #00910859

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 6,517 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • 4,626 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 3794
  • Assessor Parcel Number 7261015007

Community Details

Overview

  • 3 Buildings
  • 3 Units

Building Details

  • 11 Leased Units
  • 12 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $175
  • Net Operating Income $69,048

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Poly High (PH)
  • Property Type: Residential Income
  • Parcel Number: 7261015007
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls, No One Above
  • Price Per Square Foot: 259.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6517.00
  • Price Per Lot Square Foot: 183.37

Multi Family

  • Average2 Bed Area: 475
  • Average Studio Area: 400
  • Gross Income: 175.00
  • Gross Scheduled Income: 102708.00
  • Net Operating Income: 69048.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 11
  • Number Of Units Total: 3
  • Operating Expense: 33660.00
  • Rent Control: No
  • Total Actual Rent: 8551.00

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 3794

Range of Values:

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List Price
Sold Price
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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
09/15/2016 09/15/16 Sold $1,200,000 +0.4% $259 / Sq Ft
07/11/2016 07/11/16 Pending -- -- --
06/27/2016 06/27/16 Price Changed $1,195,000 -4.4% $258 / Sq Ft
04/28/2016 04/28/16 For Sale $1,250,000 -- $270 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Todd Hawke

    Seller's Agent in 2016

    Todd Hawke

    Keller Williams Realty Downey

    (310) 774-3746

    12 Total Sales

    Section Image
  • Bob Herrera

    Buyer's Agent in 2016

    Bob Herrera

    Professional Real Estate Servi

    (310) 985-5427

    45 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16089030

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90813 Cambodia Town

1464 Gaviota Ave, Long Beach, CA

This home is located at 1464 Gaviota Ave, Long Beach, CA 90813 since 28 April 2016. This property was built in 1922. 1464 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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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.

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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