468 Gaviota Ave Long Beach, CA 90802

$1,868,000 Sold Price as of 03/29/2017

4 Beds
12 Baths
5,938 Sq.Ft.

Off Market

$1,868,000 Sold Price as of 03/29/2017 Refinance Your Mortgage

Map preview of 468 Gaviota Ave, Long Beach, CA 90802

Property Overview: 468 Gaviota Ave Long Beach, CA has 4 bedrooms, 12 bathrooms, 5,938 living square feet and 7,312 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

468 Gaviota Ave is currently an off market home in the city of Long Beach. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Long Beach has a median list price of $769,000. The median price per/sqft for Long Beach is $648. With those numbers in mind, if you are looking to purchase a median priced home in Long Beach, CA and put 20% down you will need to save up $153,800 for the down payment and will need roughly $15,380 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Long Beach the commission could be as much as $40,950. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 468 Gaviota Ave

Last sold for $1,868,000 on March 29th, 2017

August, 2024
Aug 29, 2024

Date

Expired

CRMLS: 24391489

$1,900,000

Price
May 13, 2024

Date

Active

CRMLS: 24391489

$1,950,000

Price
Listing provided courtesy of CRMLS

$50K PRICE REDUCTION. PRICED TO SELL. 9.3 GRM and 6.7% CAP on actual rents with upside to a 7.3% CAP. ONLY $320/SF. 12 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Located on the East Side of Long Beach just blocks from Retro Row - with all the cute shops and restaurants. The property is professionally managed and well maintained. There are 4 garages in the rear of the property - potential ADU opportunity - Buyer to verify. Additionally, only two of these spaces are leased, leaving rental upside by leasing the other two. The property features a TPO roof that is in good condition. Major building systems have been updated - plumbing, electrical and roof. Buyer to verify. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.

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March, 2017
Mar 29, 2017

Date

Sold (Public Records)

Public Records

$1,868,000

Price
January, 2017
Jan 31, 2017

Date

Sold (Public Records)

Public Records

$1,575,000

Price

Tax History for 468 Gaviota Ave

Assessed Value (2020): $1,983,575

Year	Land Value	Improved Value	Assessed Value
2020	$1,390,182	$593,393	$1,983,575

About 468 Gaviota Ave

Detailed summary of property

468 Gaviota Ave is categorized with a use code of Apartment House (5+ Units) in Long Beach, CA 90802 and last sold on March 29, 2017 for $1,868,000. This property has 4 bedrooms, 12 bathrooms, roughly 5,938 living square feet, and sits on an approximately 7,312 square foot lot. Homes in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 128.08% higher than the current median priced home. 468 Gaviota Ave was last sold on March 29, 2017 for $1,868,000. Local nearby listings include 1425 E 1st St #1, 100 Hermosa Ave #2C and 1329 E 1st St #11. The average home in Long Beach, CA is selling in 65 days. There are currently 777 homes for sale in the Long Beach real estate market and 410 of them are single family homes while 343 of them are condos and 22 are townhomes. If you are the homeowner and looking to sell the home at 468 Gaviota Ave Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 468 Gaviota Ave

Public county record property details

Beds: 4
Baths: 12
Year built: 1923
Sq. Ft.: 5,938
Lot Size: 7,312
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 9
APN: 7266-020-008

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$549,900

Median List Price/Sq.Ft.

$660

Median Sold Price

$515,000

Median Sold Price/Sq.Ft.

$619

Total Inventory

175

Median Sale to List Price %

100.39%

Avg Days on Market

Loan Type

Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

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(714) 706-1823

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