Sold for $1,600,000

Listed by: Sage Real Estate Group, Inc. • Cody Charnell • Contact: 562-896-3851

Bought with: Realty One Group United

$1,600,000

1432 Gaviota Ave, Long Beach, CA 90813

1beds

10baths

3,616sqft

Multi Family

Built in 1923

-- sqft lot

$1,602,600 Zestimate^®

$442/sqft

$2,805 Estimated rent

Home value

$1,602,600

$1.46M - $1.76M

$2,805/mo

Zestimate^® history

Owner options

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$2,805/mo

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$2,805/mo

Rent Zestimate^®

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$10,155/mo

Est. payment

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$10,155/mo

Est. payment

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What's special

On-site laundry room

Now available in one of Long Beach’s most affordable and high-demand rental neighborhoods, this charming 10-unit Spanish-style apartment building offers a rare blend of character and cash flow. The property features (9) studio units and (1) 1-bedroom/1-bath unit along with a convenient on-site laundry room. With a strong annual gross income of $187,260 and an attractive 6.2% cap rate, this asset presents an excellent opportunity for investors seeking stable returns in a supply-constrained rental market. 4 of the units currently pay RUBS which generates $490/mo. Don’t miss this chance to own a classic, income-producing property in a thriving Long Beach location.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 10

Heating

Wall Furnace

Cooling

None

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 3,616
Total interior livable area: 3,616 sqft

Property

Parking

Parking features: None

Features

Levels: One
Stories: 1
Entry location: Front
Pool features: None

Lot

Size: 6,532 Square Feet
Features: 6-10 Units/Acre

Details

Parcel number: 7261015012
Zoning: LBR2N
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1923

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Curbs, Sidewalks
Subdivision: Poly High (Ph)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $442/sqft
Date on market: 7/14/2025
Cumulative days on market: 56 days
Listing terms: Cash,Cash to New Loan
Tenant pays: See Remarks

Price history

Date	Event	Price
12/3/2025	Sold	$1,600,000-4.2%$442/sqft
Source: CRMLS #PW25157783 Report a problem
10/11/2025	Pending sale	$1,670,000$462/sqft
Source: CRMLS #PW25157783 Report a problem
9/12/2025	Contingent	$1,670,000$462/sqft
Source: CRMLS #PW25157783 Report a problem
7/14/2025	Listed for sale	$1,670,000$462/sqft
Source: CRMLS #PW25157783 Report a problem