1432 Gaviota Avenue, Long Beach, CA 90813

About this property

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.

Listing description from the December 2025 sale, as reported to CRMLS.

Sale history

$1,600,000

Sold December 2025 · listed $1,670,000, on market July 2025 · MLS #PW25157783 · Source: CRMLS

Listing Agent: Cody Charnell · Listing Office: Sage Real Estate Group, Inc. · Contact: 562-896-3851 · Bought with: Austin Carr · Realty One Group United

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