485 Gaviota, Long Beach, California 90802, Long Beach, 90802 - 0 bed, 0 bath
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Long Beach, California 90802
This Turnkey Multi-Family Asset is a High-Potential Investment Opportunity, listed at $999,995—positioned well below the $1,146,337 Fair Market Value by 12%. This valuation gap offers $146,342 in Instant Equity for buyers. The property maintains a Move-In Ready Condition Rating following extensive 2026 updates, including a new roof, LVP flooring, and private patios. Located steps from Retro Row and near Stevenson Elementary, it ensures high rental demand and lifestyle appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 485 Gaviota Subject | $999,995* List Price | 0 | 0 | 1,978 | $580 | - |
A 440 N Zona Court Sold | $945,000 | 0 | 0 | 1,846 | $512 | 0.5 mi |
B 1728 E Florida Street Sold | $1,049,000 | 0 | 0 | 1,728 | $607 | 0.2 mi |
C 36 Hermosa Avenue Sold | $1,250,000 | 5 | 3 | 2,252 | $555 | 0.5 mi |
D 1765 E 3rd Active Under Contract | $1,050,000 List Price | 0 | 0 | 1,806 | $581 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready following an extensive 'freshening' in 2025-2026, which included a new roof, new LVP flooring throughout, and fresh interior/exterior paint. While it maintains its 1920s character with original cabinetry and vintage-style tile, the addition of brand-new washers/dryers in every unit and recent termite tenting demonstrates a high level of maintenance and functional updates.
Situated just steps from Long Beach's trendy 'Retro Row' on 4th Street, offering high tenant demand and a vibrant urban lifestyle.
The property features a new roof (2025), new LVP flooring, fresh interior/exterior paint, and updated bathroom tile, significantly reducing immediate capital expenditure.
Each unit comes equipped with brand-new, never-used washers and dryers, plus functional built-ins like drop-down desks and walk-in closets.
Built in 1923, the property may have aging underlying systems (plumbing/electrical) typical of the era that were not explicitly noted as fully replaced.
The description lacks mention of dedicated garage or off-street parking, which is a significant challenge in this high-density Long Beach neighborhood.
With three units on a 4,668 sqft lot, outdoor lawn and patio spaces are relatively compact and shared among multiple tenancies.
Steps to Lively 4th Street Long Beach Retro Row. 485 is a separate cottage house. 485 & 487 is a Duplex with identical units. All units were Freshened 11/25 - 1/26. New Paint In and Out, new LVP flooring in all units, the Roof was replaced in 2025, fresh bathroom tile in 485. Termite tented in 2024. Very cool original cabinets, paint stripped from all hinges and knobs. Each unit includes its own Brand New, never used Washer and Dryer. Each unit has a walk in closet. There are three separate built in Chest of Drawers in the duplex in addition to built in cabinets in each living room with a drop down desk in all units. 485 Includes a private patio. 487 and 489 include lawn areas for outdoor entertaining. The side perimeter is all new black metal fencing. Same Owner since 2003.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,978 | 2,765 | 33% |
| Lot Size | 4,668 | 4,668 | 50% |
| Price | $1000.0K | $1.10M | 27% |
| Price per sq ft | $506 | $487 | 53% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 194 | 13% |
Feb 13, 2026
$999,995
Initial Listing
May 25, 2005
$345,000
Public Record
Jan 23, 2001
$150,000
Public Record
Jun 29, 2000
$204,876
Public Record
Sep 15, 1998
$200,000
Public Record
May 29, 1998
$147,000
Public Record