468 GAVIOTA AVE
LONG BEACH, CA 90802

PRICED TO SELL. 9.5 GRM and 6.6% CAP on actual rents with upside to a 7.1% CAP. ONLY $328/SF. 12 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Located on the East Side of Long Beach just blocks from Retro Row - with all the cute shops and restaurants. The property is professionally managed and well maintained. There are 4 garages in the rear of the property - potential ADU opportunity - Buyer to verify. Additionally, only two of these spaces are leased, leaving rental upside by leasing the other two. The property features a TPO roof that is in good condition. Major building systems have been updated - plumbing, electrical and roof. Buyer to verify. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.

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