Gaviota Apartments
Type: Multifamily
1050 Gaviota Ave. Long Beach, CA 90813

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.

