Gaviota Apartments

Type: Multifamily

1050 Gaviota Ave. Long Beach, CA 90813

Gaviota Apartments

Total Number of Units: 14

Year Built: 1963

Sale Price: $4,500,000

Price per Unit: $321,429

Price per Square Foot: $348.08

CAP Rate: 5.57%

GRM: 12.04

Downpayment: $1,800,000

Net Operating Income: $250,642

Rentable Square Feet: 12,928

Lot Size: 0.29

Unit Type

2B1B

3B1B

4B1B

No. of Units

6

6

2

Le Investment Group is proud to present 1050 Gaviota Avenue, a compelling combination of in-place yield, operational upside, and long-term asset security in one of Southern California’s most supply-constrained coastal markets. The property’s oversized floor plans and courtyard configuration appeal to families and long-term renters, supporting above-average retention and strong rent collections. With interior modernization, exterior enhancements, and professional management optimization, new ownership can unlock significant upside and realign rents toward market levels without requiring heavy capital expenditure.