1638 Gaviota Avenue, Long Beach, CA 90813
Duplex · 2 recorded sales since 2019
Sold July 2023
Listing Agent: Christopher Crosby (DRE #02116879) · Listing Office: Buckingham Investments, Inc · Contact: 310 982-7055 · Bought with: Kristine Kurz · Real Estate Ebroker Inc · MLS #SB23087761 · Source: CRMLS
About this duplex
Fantastic investment opportunity! Back on the market at a HUGE PRICE REDUCTION! This value-add duplex is comprised of a back studio unit that will be delivered vacant at close of escrow and ready for renovations! The front 2-bedroom 1bath house has a large front and side yard. The tenant pays $2,300/month and has been living there for over four years and has a strong history of paying rent on time. Both units have separate gas and electric meters. There is a free standing, double car garage, perfect for an ADU conversion into 3 units (buyer to verify) with an after repair value (ARV) of $960,000. Located near Signal Hill and MacArthur Park, this neighborhood is truly in the path of progress and benefits from nearby development. If you're an investor looking for a value-add opportunity or an owner-occupant looking to get started in investment real estate, look no further!
Listing description from the July 2023 sale, as reported to CRMLS.
Sale history
