755 Gaviota Avenue

Located in the vibrant city of Long Beach, this property enjoys a prime location near an array of attractions and amenities. Long Beach is renowned for its beautiful beaches, thriving arts scene, and diverse culinary offerings. The property is conveniently situated near the Long Beach Convention and Entertainment Center, providing easy access to a variety of events and conventions. The area also boasts several renowned museums, including the Museum of Latin American Art and the Long Beach Museum of Art. With its bustling nightlife, cultural diversity, and seaside charm, the surrounding area offers an enticing mix of attractions and activities for residents and visitors alike.Morgan Skenderian, Inc., is pleased to present this well-maintained 8-unit multifamily property in Long Beach. Built in 1987, the property features exclusively two-bedroom, two-bathroom units, offering a highly desirable and functional layout for tenants. Six of the eight units have been extensively renovated with brand-new flooring, updated countertops, and modern stainless steel kitchen appliances, including a refrigerator, stove/oven, and dishwasher. Each unit also includes washer and dryer hookups, private balconies, and ceiling fans, enhancing overall tenant comfort and convenience. The property is uniquely configured with separate APNs for each unit, providing a future buyer with flexibility and potential exit strategies. Additionally, the asset is not subject to statewide or local rent control, allowing for unrestricted rent growth. Current ownership has implemented a RUBS program, generating additional income. On-site amenities include a secured parking garage and controlled access, further contributing to tenant appeal and overall property security.