$2,250,000/mo

1025 Gaviota Avenue, Long Beach, CA 90813

7,000 sqft

Rent shown is base rent as provided by the property owner or manager. Additional mandatory fees, deposits, or utilities may apply and are set by the property owner or manager.

Rental
Built in 1987
6,085sqft lot
—— car garage
$321/sqft
Listed 29 days ago

Property Description

Prime 9-unit multi-family investment and potential condo conversion opportunity in a high-demand, low-vacancy Long Beach neighborhood! Built in 1987, this exceptionally updated, well-maintained, turn-key, three-story walk-up building offers approximately 7,000 rentable square feet featuring a strong unit mix of seven 2-bedroom/2-bathroom units and two 1-bedroom/1-bathroom units. Select 2-bedroom residences enjoy private balconies and patios. Tenants benefit from a quiet, well-managed environment with gated intercom entry, security doors, and secured gated parking. Units are separately metered for gas and electricity. Convient location—just one block north of 10th Street and east of Walnut Avenue—close to shopping, dining, and transit. Fully occupied with stable, quality tenants and current rents well below market rates, this property offers an outstanding turn-key asset with immediate upside and massive cash flow growth potential!