$2,875,000
$75K PRICE DROP

755 Gaviota Ave Long Beach, CA 90813

Hellman Neighborhood

Estimated payment $18,494/month

Total Views 915
2 Beds
2 Baths
6,640 Sq Ft
$433 Price per Sq Ft

Highlights

  • Golf Course Community
  • No HOA
  • Central Air
  • Long Beach Polytechnic High School Rated A
  • Park
  • Bike Trail

About This Home

Pleased to present this well-maintained 8-unit multifamily property in Long Beach. Built in 1987, the property features exclusively two-bedroom, two-bathroom units, offering a highly desirable and functional layout for tenants. All eight units have been extensively renovated with brand-new flooring, updated countertops, and modern stainless steel kitchen appliances, including a refrigerator, stove/oven, and dishwasher. Each unit also includes in unit
washers and dryers, private balconies, and ceiling fans, enhancing overall tenant comfort and convenience. The property is uniquely configured with separate APNs for each unit, providing a future buyer with flexibility and potential exit strategies. Additionally, the asset is not subject to statewide or local rent control, allowing for unrestricted rent growth. Current ownership has implemented a RUBS program, generating additional income. On-site amenities include a secured parking garage and controlled access, further contributing to tenant appeal and overall property security.

Listing Agent

Rick Applebaum

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 05/14/2026

Co-Listing Agent

Paul Espinosa

Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01942627

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1987

Lot Details

  • 6,728 Sq Ft Lot
  • No Common Walls
  • 7267028031,7267028032,7267028033,7267028034,7267028035,7267028036,7267028037

Parking

  • 14 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,640 Sq Ft Home
  • 3-Story Property
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 67151
  • Assessor Parcel Number 7267028030
  • $262 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Recreation

  • Golf Course Community
  • Park
  • Dog Park
  • Bike Trail

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Electric Expense $959
  • Fuel Expense $351
  • Gardener Expense $3,600
  • Insurance Expense $8,300
  • Maintenance Expense $7,404
  • Other Expense $1,000
  • Trash Expense $2,720
  • Water Sewer Expense $3,337
  • New Taxes Expense $38,612
  • Operating Expense $66,282
  • Gross Income $254,432
  • Net Operating Income $180,517

Property Details

Home Type

Apartment

Year Built

Built in 1987

Lot Details

6,728 Sq Ft Lot

Parking

14

Listing Details

  • CapRate: 6.28
  • Property Attached: No
  • Water Sewer Expenses: 3337.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3600.00
  • Parcel Number: 7267028030
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 3
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 432.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Appliances: Refrigerator, Dishwasher
  • Laundry Features: Washer Included, Dryer Included
  • Sewer: Public Sewer
  • Trash Expense: 2720.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Golf, Biking, Dog Park, Sidewalks, Park

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 7267028031,7267028032,7267028033,7267028034,7267028035,7267028036,7267028037
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6728.00
  • Lot Size Acres: 0.1545

Multi Family

  • Electric Expense: 959.00
  • Fuel Expense: 351.00
  • Garage Income: 3600.00
  • Gross Income: 254432.00
  • Gross Multiplier: 11.30
  • Gross Operating Income: 246799.00
  • Gross Scheduled Income: 254432.00
  • Insurance Expense: 8300.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6728.0000 Square Feet
  • Maintenance Expense: 7404.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 180517.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 66282.00
  • Operating Expense Percent: 26.10
  • Other Expense: 1000.00
  • Other Expense Description: Misc.
  • Other Income1: 3576.00
  • Other Income Description: RUBS
  • Rent Control: Yes
  • Total Expenses: 66282.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 38612.00
  • Tax Lot: 1
  • Tax Tract Number: 67151
  • TaxOtherAnnualAssessmentAmount: 262.00

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

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
07/06/2026 07/06/26 Price Changed $2,875,000 -2.5% $433 / Sq Ft
05/14/2026 05/14/26 For Sale $2,950,000 -- $444 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26102404

California Regional Multiple Listing Service (CRMLS)

APN: 7267-028-030

California Los Angeles County Long Beach 90813 Hellman

755 Gaviota Ave, Long Beach, CA

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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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Rick Applebaum
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