About 1432 Gaviota Avenue
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.
Features of 1432 Gaviota Avenue
| MLS® # | PW25157783 |
|---|---|
| Price | $1,670,000 |
| Sold Price | $1,600,000 |
| Bedrooms | 1 |
| Bathrooms | 10.00 |
| Lot Sqft | 6,532 |
| Acres | 0.15 |
| Year Built | 1923 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Closed |
| # Of Units | 10 |
Community Information
| Address | 1432 Gaviota Avenue |
|---|---|
| Area | 9 - Poly High |
| Subdivision | Poly High (PH) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90813 |
Amenities
| Parking | None |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Lot Description | SixToTenUnitsAcre |
|---|
Additional Information
| Date Listed | July 14th, 2025 |
|---|---|
| Date Sold | December 3rd, 2025 |
| Days on Market | 56 |
| Zoning | LBR2N |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Cody Charnell |
|---|---|
| Office | Sage Real Estate Group, Inc. |