1638 Gaviota Avenue

Long Beach, CA 90813

$715,000
Last Sold Price
2
Beds
2
Baths
1,025 Sq. Ft.
$698 / Sq. Ft.
1,025
Sq. Ft.
$698
per Sq. Ft.

Description

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...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!
  1. Listed by Christopher Crosby • DRE #02116879 • Brokerage DRE #01914434 • Buckingham Investments, Inc

Property Details for 1638 Gaviota Avenue

Parking Spaces Total
2
Private Pool
No
Cooling Type
Gas
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1025
Assessor Parcel Number
7261-011-002

Location

Listing Courtesy of Buckingham Investments, Inc, Christopher Crosby, DRE #02116879

Sold By Real Estate Ebroker Inc, Kristine Kurz, DRE #02042035

Add your commute
LISTING UPDATED: 07/31/2023 02:33 AM

Property Details for 1638 Gaviota Avenue

StatusClosed
MLS #SB23087761
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
Lot Size0.09 AC / 4,026 SF
CountyLos Angeles County

Location

Listing Courtesy of Buckingham Investments, Inc, Christopher Crosby, DRE #02116879

Sold By Real Estate Ebroker Inc, Kristine Kurz, DRE #02042035

Add your commute

Building Information for 1638 Gaviota Avenue

Stories1Residences-Year Built1921Building Size-Lot Size0.09 AC / 4,026 SF

Payment Calculator

$4,530 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,902

Property Taxes

$628

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1638 Gaviota Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $45,000
  • Gross Scheduled Income: $45,000
  • Net Operating Income: $28,000
  • Gross Multiplier: 16.67
  • Financing: Conventional
Expense Details
  • Operating Expense: $17,000
  • New Taxes Expense: $9,375
  • Gardener Expense: $600
  • Pest Control Expense: $500
  • Insurance Expense: $1,000
  • Maintenance Expense: $2,138
  • Trash Expense: $1,440
  • Water Sewer Expense: $1,440
  • Total Expenses: $17,000
Tax / Assessment Info
  • Tax Tract Number: 3661
  • Tax Census Tract: 5752.02
  • CFD/Mello-Roos Fee: $390
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Garage
  • Room Type: Family Room, Kitchen
  • Laundry: Yes
  • Laundry Features: In Garage
  • Cooling: Gas
  • Heating Type: Natural Gas
  • Heat Source: Natural Gas
  • Heating: Natural Gas
  • Flooring: Laminate, Tile
Exterior Features
  • Entry Location: Street
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Fair Condition, Wrought Iron
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Phone Available, Sewer Connected, Water Available
  • Electric: Cable Available, Phone Available, Sewer Connected, Water Available
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,450
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1638 Gaviota Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1638 Gaviota Avenue

Taxable ValueLand$455,685Additions$117,941Total$573,626
Tax Record2023$7,539 ($628 / month)
Home Facts
Total Finished SqFt1,025 SqFtAbove Grade Finished SqFt1,025 SqFtLot Size4,026 SqFtStyleDuplexYear Built1921ZoningLBR2NCountyLOS ANGELESAPN7261-011-002

Schools near 1638 Gaviota Avenue

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Whittier Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Buckingham Investments, Inc, Christopher Crosby, DRE #02116879

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.