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!
| MLS # | AR26188327 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 8 |
| Listing Provided By | IRN Realty | Bing Hou |
| SQ Feet | 7,000 |
|---|---|
| Car Port | Yes |
| Story(s) | 3 |
| Units | 9 |
| Building(s) | 1 |
| Acreage | 0.14 |
| Lot Features | Street Level |
|---|
| Parking Features | Assigned |
|---|---|
| Garage Yes / No | No |
| Sewer | Public Sewer |
|---|
| Community Features | Curbs, Sidewalks |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 3 Eastside | Circle Area |
| Community Name | Eastside (ES) |
| Listing VS Median (in Eastside (ES)) | |
Price: $2,250,000 low | high Med: $812,500 sqft: 7,000 low | high Med: 691 $ / sqft: $321 low | high Med: $1,206 On site: 8 low | high Med: 80 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 3 Eastside | Circle Area |
| Community Name | Eastside (ES) |
| Listing VS Median (in Eastside (ES)) | |
Price: $2,250,000 low | high Med: $812,500 sqft: 7,000 low | high Med: 691 $ / sqft: $321 low | high Med: $1,206 On site: 8 low | high Med: 80 | |
![]() | $2,348,0001083 Gaviota AvenueLong Beach, CA 90813 |
![]() | $2,348,0001083 Gaviota AvenueLong Beach, CA 90813 |