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1050 Gaviota Ave 14 Unit Apartment Building $4,500,000 ($321,429/Unit) 5.57% Cap Rate Long Beach, CA 90813
Investment Highlights
- Attractive In-Place Performance with a 5.57% CAP rate on current operations.
- Proximity to Major Employment Drivers including St. Mary Medical Center, the Long Beach Port, Long Beach City College and Downtown Business District.
- Private Interior Courtyard Setting, offering a quiet community centered environment.
- Clear Pro Forma Upside to a 6.20% CAP and 11.06 GRM, with Healthy Cash-on-Cash Returns, delivering 3.3% year 1 return
- Large Unit mix consisting of 2BDR, 3BDR and 4BDR floor plans.
- Secure, Gated Entry System with outside parking and Garages for select units
Executive Summary
1050 Gaviota Avenue offers investors a rare opportunity to acquire a well-located, courtyard-style multifamily asset with strong in-place cash flow and clearly defined upside in one of Southern California’s most supply-constrained coastal rental markets. The property’s oversized, family-oriented floor plans, secure gated entry, and central courtyard configuration appeal to long-term renters, supporting stable occupancy, lower turnover, and consistent rent collections. Through interior modernization, targeted exterior enhancements, and professional management optimization, new ownership can enhance operating performance and realign rents toward market levels while maintaining a conservative capital profile.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
|
| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $321,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.57% | Building Size | 15,444 SF |
| Gross Rent Multiplier | 12.04 | No. Stories | 2 |
| No. Units | 14 | Year Built/Renovated | 1963/2007 |
| Property Type | Multifamily | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R2N, Long Beach - Multiple Dwelling | ||
| Price | $4,500,000 |
| Price Per Unit | $321,429 |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 12.04 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 15,444 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2007 |
| Parking Ratio | 1.24/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2N, Long Beach - Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Online Services
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 750 |
| 3+1 | 6 | - | 1,050 |
| 4+1 | 2 | - | 1,100 |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 7267-012-041 | Improvements Assessment | $1,485,691 |
| Land Assessment | $2,759,140 | Total Assessment | $4,244,831 |
Property Taxes
Parcel Number
7267-012-041
Land Assessment
$2,759,140
Improvements Assessment
$1,485,691
Total Assessment
$4,244,831
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1050 Gaviota Ave
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