1638 Gaviota Avenue, Long Beach, CA 90813 (MLS # SB23087761)
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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!
| DAYS ON MARKET | 70 | LAST UPDATED | 7/31/2023 |
|---|---|---|---|
| TRACT | Signal Hill | YEAR BUILT | 1921 |
| COMMUNITY | Poly High | GARAGE SPACES | 2.0 |
| COUNTY | Los Angeles | STATUS | Sold |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to May 30, '23 | $750,000 |
|---|---|
| May 30, '23 - Today | $699,999 |
| ADDITIONAL DETAILS | |
| AIR | Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Range |
| AREA | Poly High |
| GARAGE | Garage, Yes |
| HEAT | Natural Gas |
| HOA DUES | 0 |
| LOT | 4026 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Signal Hill |
| UTILITIES | Cable Available,Phone Available,Sewer Connected,Water Available |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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