5943 Gaviota Ave, Long Beach, CA 90805

5943 Gaviota Ave, Long Beach, CA 90805

Long Beach, CA

Property Description

Excellent investment opportunity to own two homes on a lot in North Long Beach, one of Long Beach’s strongest rental markets. The front house is a well-maintained 2-bedrooms/1-bathroom unit with newer windows, a large living room area, and interior washer and dryer hookups. The front unit is a perfect opportunity for an owner-user to occupy the unit and have the back unit supplement their mortgage payment or an investor to rent the unit at market rate (owner received $2000 a month rental income for the unit previously). The back unit is a spacious 3-bedroom/2-bathroom and includes a large kitchen area, living room, and large master with an en suite bathroom. Upgrades to the back unit include plantation shutters, partial bathroom remodel, new appliances, fresh painting, and new flooring. The back unit also includes a separate laundry room located behind the garage. Each unit has its own 20’x30’ oversized 2-car garage located under the back 3-bedroom/2-bathroom unit as well as driveway parking for 4-5 vehicles. There is a potential opportunity to convert one of the garages into an ADU, buyer to verify with the city. The duplex is located near new developments in North Long Beach including The Uptown, Uptown Commons, and Canvas which are mixed-use projects bringing new businesses and eateries to the area. Do not miss this chance to own a prime investment in one of Long Beach’s most rapidly appreciating housing markets.

Property Features

  • Sale Price: $798,800
  • Area Size: 1,726 SF
  • Land Area: 4,890 SF
  • Year Built: 1906
  • Listing Date: 9/23/2020
  • Closing Date: December 20, 2020
  • Units: 2
  • Price Per Unit: $399,400
  • Current NOI: $41,271

Lyon Stahl Investment Real Estate

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