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1638 Gaviota Ave, Long Beach, CA 90813
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1638 Gaviota Ave Long Beach, CA 90813

$715,000 Sold Price as of 07/31/2023
  • 2 Beds
  • 2 Baths
  • 1,025 Sq.Ft.
Sold
$715,000 Sold Price as of 07/31/2023 Refinance Your Mortgage
Map preview of 1638 Gaviota Ave, Long Beach, CA 90813

Property Overview: 1638 Gaviota Ave Long Beach, CA has 2 bedrooms, 2 bathrooms, 1,025 living square feet and 4,026 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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!

Listed by Christopher Crosby | BRE #02116879 | Buckingham Investments, Inc
Last checked: 3 minutes ago | Last updated: August 29th, 2023 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
4,026
HOA Dues
$0/mo
Year built
1921
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
SB23087761
City
Long Beach
County
Los Angeles
Time on Site
386 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $1,450
  • Pro Forma/Market Rent: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.67
  • Gross Scheduled Income: $45,000
  • Net Operating Income: $28,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $17,000
  • New Taxes: $9,375
  • Trash: $1,440
  • Gardener: $600
  • Insurance: $1,000
  • Maintenance: $2,138
  • Water/Sewer: $1,440

Property Details for 1638 Gaviota Ave

Interior Features
Cooling Information
  • Has Cooling
  • Gas
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • In Garage
Room Information
  • Flooring: Laminate, Tile
  • Family Room, Kitchen
Kitchen Information
  • Has Appliances
  • Gas Range
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Has Fence
  • Fair Condition, Wrought Iron
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7261011002
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Phone Available, Sewer Connected, Water Available
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Signal Hill
  • Directions: From I-405 S, Exit Orange Ave, Continue straight on Orange Ave, turn Left on CA-1 S, Right on Gaviota Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1638 Gaviota Ave

Last sold for $715,000 on July 31st, 2023

  • August, 2023

  • Aug 29, 2023

    Date

    Expired

    CRMLS: CV23033563

    $799,000

    Price

  • Feb 28, 2023

    Date

    Active

    CRMLS: CV23033563

    $875,000

    Price

  • Listing provided courtesy of CRMLS

    Investor Special! The Duplex 1638-1640 Gaviota Ave Long Beach is located corner location, walking distance to Long Beach City College, moments from Signal Hill, minutes away from Cal State Long Beach, Long Beach Convention Center, Long Beach Aquarium, Downtown Long Beach, Long Beach Airport, Long Beach Port, the beach, and so much more. The city of Long Beach is growing and changing with this opportunity not be missed! This is a great investment opportunity with a 2 bedroom and 1 bathroom main house with modern stone and oak kitchen, double car garage, and gated open parking. The rear single house has updated stone and oak kitchen with bathroom. Both units have separate gas and electric meters. The de-attached double car garage can be converted into another dwelling unit with additional income, with previous upstairs attic infrastructure. The kicker on this opportunity is the ASSUMABLE LOAN at 2.25%, It's unheard to get this interest rate SO LOW, DO NOT miss out on this opportunity! Ask broker for details regarding assumable loan at 2.25% . The rear back 1bed/1 bath unit to be delivered without tenant at the close of escrow. All information on MLS deemed reliable but not guaranteed. Buyer(s) to do their own investigation included but not limited to room count, square footage, lot size, rent control, etc. To tour the property, submit offer prior and allow up to 24 hrs-48 hr notice

  • July, 2023

  • Jul 31, 2023

    Date

    Sold

    CRMLS: SB23087761

    $715,000

    Price

  • May 22, 2023

    Date

    Active

    CRMLS: SB23087761

    $750,000

    Price

  • February, 2023

  • Feb 28, 2023

    Date

    Expired

    CRMLS: CV22181646

    $875,000

    Price

  • Aug 23, 2022

    Date

    Active

    CRMLS: CV22181646

    $850,000

    Price

  • Listing provided courtesy of CRMLS

    *Investor Special*The duplex 1638 -1640 Gaviota Ave Long Beach is located in Central Long Beach, steps away from Signal Hill and MacArthur Park, and Long Beach City College. Great investment opportunity, with a 2 bedroom/ 1 bath room main house with modern stone and oak kitchen., double car garage, gated open parking. The rear single house has updated stone and oak kitchen with bathroom. Both units have separate gas and electric meters. The de-attached garage can be converted into another dwelling unit with additional income. Sold As Is “Seller may carry and current loan is assumable at a rate of 2.25%. Ask broker for details.” One of the units will be delivered vacant as the close of escrow. Back unit- 1 bed/1bath - Back tenant to vacate by March 25, 2023. ALL OFFERS DUE MARCH 1, 2023 at 5pm.

  • February, 2019

  • Feb 15, 2019

    Date

    Sold

    CRMLS: PW18295397

    $535,000

    Price

  • Dec 22, 2018

    Date

    Pending

    CRMLS: PW18295397

    $535,000

    Price

  • Dec 22, 2018

    Date

    Active

    CRMLS: PW18295397

    $535,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment featuring a 2 bedroom house, w new flooring, interior paint, new light fixtures, modern stone and oak kitchen, double car garage, plus gated open parking, plenty of fenced in open space. Rear single house, updated stone and oak kitchen, and bathroom also. Both homes have separate gas and electric

  • February, 2019

  • Feb 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $535,000

    Price

  • August, 1993

  • Aug 27, 1993

    Date

    Sold (Public Records)

    Public Records

    $100,000

    Price

Show More

Tax History for 1638 Gaviota Ave

Assessed Value (2020): $545,700
Year Land Value Improved Value Assessed Value
2020 $433,500 $112,200 $545,700

Home Value Compared to the Market

This property vs the competition

1638 Gaviota Ave sold on July 31, 2023 for 21.52% lower than the current median sold price for the city of Long Beach which is $892,000. The median sold price per/sqft for Long Beach is $659 and this home is sold at $682.93 per/sqft which puts the price per square foot 3.63% higher than the current median sale per square foot for the city of Long Beach.

About 1638 Gaviota Ave

Detailed summary of property

1638 Gaviota Ave is a duplex that recently sold in Long Beach, CA 90813. This duplex offered 2 bedrooms, 2 bathrooms, roughly 1,025 living square feet, and sits on an approximately 4,026 square foot lot. 1638 Gaviota Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $715,000. Home in Long Beach are selling for a median price of $892,000 and a median price per square foot of $659. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 21.52% lower than the current median priced home. Local homes that are currently for sale include 210 E 120th St, 755 E 106th St and 230 E 111th St. While the average home in Long Beach, CA is selling in 53 days, 1638 Gaviota Ave has a days on market of 28 days. There are currently 704 homes for sale in the Long Beach real estate market and 385 of them are single family homes while 296 of them are condos and 23 are townhomes. For more information on this home for sale at 1638 Gaviota Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1638 Gaviota Ave

Public county record property details
Beds
2
Baths
1
Year built
1921
Sq. Ft.
1,025
Lot Size
4,026
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7261-011-002

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$560
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$576
Total Inventory
35
Median Sale to List Price %
90.82%
Avg Days on Market
62
Loan Type
Conventional (50%), FHA (10%), VA (0%), Cash (10%), Other (30%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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