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Millman Team Real Estate

$2,250,000
0.14 Acre Lot

1025 Gaviota Avenue, Long Beach, California 90813

  • Residential Income Property Type
  • Assigned Cars Garage
  • 1987 Year Built
Property Description

Prime 9-unit multi-family investment and potential condo conversion opportunity in a high-demand, low-vacancy Long Beach neighborhood! Built in 1987, this exceptionally updated, well-maintained, turn-key, three-story walk-up building offers approximately 7, 000 rentable square feet featuring a strong unit mix of seven 2-bedroom/2-bathroom units and two 1-bedroom/1-bathroom units. Select 2-bedroom residences enjoy private balconies and patios. Tenants benefit from a quiet, well-managed environment with gated intercom entry, security doors, and secured gated parking. Units are separately metered for gas and electricity. Convient location—just one block north of 10th Street and east of Walnut Avenue—close to shopping, dining, and transit. Fully occupied with stable, quality tenants and current rents well below market rates, this property offers an outstanding turn-key asset with immediate upside and massive cash flow growth potential!

Basic Details
Residential Income
For Sale
AR26188327
$2,250,000
1987
0.14 Acre
Active
1
Apartment
Features
: None
: Assigned
12.0
: Common Area
: Public Sewer
$0
Address Map
CA
Los Angeles
Long Beach
Eastside (ES)
90813
Gaviota
1025
Avenue
W119° 49' 43.7''
N33° 46' 46.1''
Anaheim to the north, Cherry to the east
3 - Eastside, Circle Area
Additional Information
$0
$0
$0
$0
$0
7000
: Sidewalks, Curbs
1
: Three Or More
: Street Level
9
2026-09-09
3
: Public
Broker/Agent Information
IRN Realty
Bing Hou
Listing Information
A38081
3129
Cash, Cash to New Loan, Conventional
Active
2026-09-09T16:51:56Z
CRMLS
: Standard
2026-09-09T08:54:13Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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