SOLD
$715,000
Date 07/31/2023

1638 Gaviota Avenue
Long Beach, CA 90813

Duplex
Residence
1,025
Sqft
0.0924
Lot Size
Listing Agent: Christopher Crosby CalDRE: 02116879 - Buckingham Investments, Inc

Description for 1638 Gaviota Avenue Long Beach, CA 90813

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!

Property Details

SB23087761
Duplex, 1 Story
Los Angeles
1921
0.0924 Acres
Public
1
Public Sewer
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Listing Agent: Christopher Crosby CalDRE: 02116879 - Buckingham Investments, Inc
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