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Long Beach, CA 90813,745 Gaviota AVE
$850,000
Est. payment /mo
$850,000
Est.Price: ?

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6,708 Sqft Lot
SOLD DATE : 04/15/2014

Key Details

Sold Price $850,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW13195536

Year Built 1924

Lot Size 6,708 Sqft

Property Description

We are proud to present a six-unit apartment complex located at 745 Gaviota Avenue in Long Beach, California. Built in 1924 and renovated in 2013, the property consists of approximately 5,472 rentable square feet with a lot size of 6,726 square feet. The newly renovated building consists of all very large onebedroom/one-bath units, with many upgrades throughout including hard wood floors, new carpet, granite countertops, and new kitchen cabinets in most units. Other upgrades include new windows and doors. Tenants enjoy laundry hookups in each unit, individual air conditioning units, huge closets, and one one-car garage. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is currently undergoing $4.4 billion in future redevelopment that will also create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse recently was completed and just opened the mid September. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is a great opportunity for any investor looking for a newly renovated, well-maintained property in a very strong rental location, with strong cash flow potential.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Exterior

Parking Features Garage

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Sidewalks

Building

Lot Description 6-10 Units/Acre

Story Three Or More

Sewer Unknown

Water Public

Others

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin King • Marcus & Millichap
Bought with Craig Kuhlman • Boardwalk Properties
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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