1464 Gaviota Ave, Long Beach, CA 90813

Property Description

The Gaviota property is a highly upgraded and well maintained 3 building, 11 unit apartment complex located just North of E. Anaheim St. thoroughfare, providing ease of access to public transportation and major freeways. Schools, parks and neighborhood amenities are all in close proximity. Current rents are at 20% below market, providing an immediate revenue increase and additional cash flow opportunity. The Gaviota apartments are in a high demand rental location for blue collar workers, resulting in consistent low vacancy rates and increasing rents. Positioned for a Investor who wants a low maintenance property and who is focused on the bottom line ROI!! Fully occupied, the Gaviota property provides an investment opportunity with immediate cash flow increase & a strong medium term gain potential. Long Beach is the 7th largest city in CA and is situated on San Pedro Bay, centrally located near a number of education, employment and entertainment facilities. The city boasts the CA State University of LB, Queen Mary and Aquarium of the Pacific. LB offers fixed and flexible transit, has its own Long Beach Airport, and is in close proximity to the 710, 22, 405 freeways making it one of the most accessible cities in Southern California.