745 Gaviota Ave, Long Beach, CA 90813

Property Description

We are proud to present a six-unit apartment complex located at 745 Gaviota Avenue in Long Beach, California. Built in 1924 and renovated in 2013, the property consists of approximately 5,472 rentable square feet with a lot size of 6,726 square feet. The newly renovated building consists of all very large onebedroom/one-bath units, with many upgrades throughout including hard wood floors, new carpet, granite countertops, and new kitchen cabinets in most units. Other upgrades include new windows and doors. Tenants enjoy laundry hookups in each unit, individual air conditioning units, huge closets, and one one-car garage. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is currently undergoing $4.4 billion in future redevelopment that will also create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse recently was completed and just opened the mid September. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is a great opportunity for any investor looking for a newly renovated, well-maintained property in a very strong rental location, with strong cash flow potential.