NOT LISTED FOR SALE

468 Gaviota Ave Long Beach, CA 90802

North Alamitos Beach Neighborhood
4 Beds
12 Baths
5,938 Sq Ft
7,313 Sq Ft Lot

Last Sold March 27, 2017

Last sale price $1,875,000 $316 Per Sq Ft

7 Days on Market

About This Home

As of March 2017

12 units located in South Long Beach NOT subject to rent control. The property features all copper plumbing and an excellent unit mix for the location. An astute investor could reposition the units and increase annual income by 20% or more. Additionally, there are 5 private garage spaces onsite that could rent for as much as $100/month each as parking is at a premium in the Long Beach market.Long Beach is rapidly gentrifying and rents are growing quickly, up over 13% in the past year. Tenants are willing to pay for remodeled product allowing an investor to take advantage of this strong rental market. Once all units are at market the new owner can achieve a projected 6.4% CAP.EMAIL LISTING AGENT FOR A COMPLETE MARKETING PACKAGE INCLUDING A RENT ROLL.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 02/13/2017

The Agency

Last Buyer's Agent

Jon Swire

The Agency License #01336277 Listed on: 02/13/2017

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 7,313

Interior Spaces

  • 5,938 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 12 Bathrooms

Parking

  • 5 Parking Spaces
  • Assigned Parking

Additional Features

  • 7,313 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 7266-020-008

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5938
  • Stories: 2
  • Year Built: 1923
  • Number Of Photos: 3
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 12.00
  • Den: 0
  • Price Per S Q F T: 315.76

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 5

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 131796
  • Assessed Land Value: 292893
  • Assessor Parcel Number: 7266-020-008
  • Geocode Override: No
  • Lot Size Area: 7313

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.90
  • Number Of Units: 12
  • Total Annual Expense: 55000
  • Type Of Units: Income
  • Vacancy Rate: 0%

Range of Values:

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Average Value
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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
03/27/2017 03/27/17 Sold $1,875,000 0.0% $316 / Sq Ft
02/20/2017 02/20/17 Pending -- -- --
02/13/2017 02/13/17 For Sale $1,875,000 -- $316 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jon Swire

    Seller's Agent in 2017

    Jon Swire

    The Agency

    (310) 948-2631

    1 in this area

    32 Total Sales

    Jon Swire
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Map

Source: The MLS

MLS Number: 17-201342

The MLS
California Los Angeles County Long Beach 90802 North Alamitos Beach

468 Gaviota Ave, Long Beach, CA

This home is located at 468 Gaviota Ave, Long Beach, CA 90802 since 13 February 2017. This property was built in 1923. 468 Gaviota Ave is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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