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Key Details
Sold Price $2,765,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21134419
Sold Date 09/13/21
HOA Y/N No
Year Built 1948
Lot Size 3,868 Sqft
Property Description
102 Gaviota Ave consists of six 1 Bedroom and 1 Bath unit floor plans, and offers amenities like in unit washer and dryers, fully rehabbed units with new copper plumbing, electrical, brand new stainless steel appliances, new flooring, new lighting, fully remodeled bathrooms, new vinyl energy efficient windows, and new roofing.
102 Gaviota Ave is located in the highly sought-after Alamitos Beach neighborhood and is just steps away from Junipero Beach and Alamitos Beach, two of the city’s most popular beaches. The property is also within walking distance to Retro Row, which offers numerous shopping, dining, and entertainment options. 102 Gaviota Ave is under a mile away from The Promenade and the Pike Outlets, providing residents with easy access to a plethora of shopping and dining destinations.
Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable markets.
Given the overall strength of the apartment market in Long Beach, and specifically the fundamentals within Alamitos Beach, 102 Gaviota Ave offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for a well-located and intensively renovated apartment building will be a key driver in the continued growth and success at 102 Gaviota Ave.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Cooling Dual, Zoned
Fireplace No
Laundry Inside
Exterior
Community Features Park
Building
Lot Description Corner Lot, Near Park, Near Public Transit
Water Public
Others
Tax ID 7265019033
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Andrew C Lee • Andrew C. Lee
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935