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    5943 Gaviota Avenue

    Long Beach, CA 90805
    • $798,800
    • STATUS: Active Under Contract
    • ON SITE: 61 days
    • ID#: PW20199317
    Under Contract
    UPDATED: 58 min ago
    $798,800
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,726
      SQFT
    • $463
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1906
    County:

    School Ratings & Info

    Description

    Excellent investment opportunity to own two homes on a lot in North Long Beach, one of Long Beach+GGs strongest rental markets. The front house is a well maintained 2-bedrooms/1-bathroom unit with newer windows, 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 includes plantation shutters, partial bathroom remodel, new appliances, fresh painting, and new flooring. The back unit also includes separate laundry room located behind the garage. Each unit has its own 20+GGx30+GG 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+GGs most rapidly appreciating housing markets.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T20:30:58.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/110319622
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    5943 Gaviota Avenue Long Beach, CA 90805

    • Price: $798,800
    • Status: Active Under Contract
    • Updated: 58 min ago
    • ID#: PW20199317
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,726
    SQFT
    $463
    $/SQFT
    1906
    Built
    Neighborhood:
    North Long Beach (Nlb)
    County:
    Los Angeles
    Area:
    7 - North Long Beach
    Property Description
    Excellent investment opportunity to own two homes on a lot in North Long Beach, one of Long Beach+GGs strongest rental markets. The front house is a well maintained 2-bedrooms/1-bathroom unit with newer windows, 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 includes plantation shutters, partial bathroom remodel, new appliances, fresh painting, and new flooring. The back unit also includes separate laundry room located behind the garage. Each unit has its own 20+GGx30+GG 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+GGs most rapidly appreciating housing markets.
    Exterior Features

    Construction Materials FrameStucco Fence YN Yes Fencing BrickWood Garage Spaces 4.00 Lot Features Rectangular Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features PavedGarageGarage - Two DoorGarage Door OpenerOn SiteOversizedShared DrivewaySide By Side Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Flooring Laminate Laundry Features Individual RoomInside Levels Two Window Features Bay Window(S)

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet LightsSuburban Country Us Current Financing Conventional Electric Expense 0.00 Elevation Units Feet Exclusions Tenant Personal Property Fuel Expense 0.00 Gross Income 57600.00 Gross Scheduled Income 57600.00 Insurance Expense 618.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2295.00 Net Operating Income 41271.00 New Construction YN No New Taxes Expense 9988.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 1 Operating Expense 13449.00 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Subdivision Name Other North Long Beach (Nlb) Tenant Pays ElectricityGasRepairs Total Expenses 13449.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas Connected Water Sewer Expense 548.00 Water Source Public Year Built Source Assessor Zoning Lbr1n

    Listing provided courtesy of Harrison Hyde of Lyon Stahl Investment Real Est and John Stiegler II of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T20:30:58.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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