Fantastic investment opportunity! Back on the market at a HUGE PRICE REDUCTION! This value-add duplex is comprised of a back studio unit that will be delivered vacant at close of escrow and ready for renovations! The front 2-bedroom 1bath house has a large front and side yard. The tenant pays $2,300/month and has been living there for over four years and has a strong history of paying rent on time. Both units have separate gas and electric meters. There is a free standing, double car garage, perfect for an ADU conversion into 3 units (buyer to verify) with an after repair value (ARV) of $960,000. Located near Signal Hill and MacArthur Park, this neighborhood is truly in the path of progress and benefits from nearby development. If you're an investor looking for a value-add opportunity or an owner-occupant looking to get started in investment real estate, look no further!
MLS #
CRSB23087761
MLS Source
California Regional MLS
Appliances
Oven Range - Gas
Flooring
Laminate
Cooling
Central Forced Air - Gas
Heating
Gas
Pool
None
Garage/Parking
Garage, Garage: 2 Car(s)
HOA Fee
$0
1638 Gaviota Ave is a Duplex in Long Beach, CA 90813. This – square foot property sits on a 4,026 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $715,000 and was built in 1921. This address can also be written as 1638 Gaviota Ave, Long Beach, CA 90813.
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This listing information is up-to-date as of July 31, 2023. For the most current information, please contact Christopher Crosby