226 Gaviota Avenue
- California
- Long Beach
Property Information
- Address: 226 Gaviota Avenue
- City: Long Beach
- State: California
- Zip Code: 90802
- Units: 16
- Price: $3,600,000
Property Financials
- Price per Unit: $225,000
- Price per SF: $381
- Current Cap Rate: 6.10%
- Market Cap Rate: 7.43%
- Current GRM: 10.33
- Market GRM: 9.00
Property Description
Highlights
- All Units Updated with Newer Kitchens & Bathrooms
- Brand New Electrical in 12 of 16 Units
- Desirable Vintage Built-ins and Period Details
- Prime Alamitos Beach Location – 92 Walk Score
- 6.10% In-Place Cap Rate / 7.43% Pro Forma Cap Rate
- Approximately 21.7% Projected NOI Growth
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