5953 Gaviota Avenue, Long Beach, California 90805, Long Beach, 90805 - 5 bed, 3 bath
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Long Beach, California 90805
This Renovated Multi-Unit Asset is a Strong Value Opportunity, listed at $899,888—positioned well below the $964,186 Fair Market Value by 6%. This valuation gap offers $64,298 in Instant Equity for the incoming buyer. The property features a Condition Score of 3 thanks to a brand-new roof, dual-pane windows, and updated flooring. With R-1-N Zoning and a large backyard, there is significant potential to add an ADU and J-ADU to maximize cash flow. Located in the Long Beach Unified district, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5953 Gaviota Avenue Subject | $899,888* List Price | 5 | 3 | 2,220 | $425 | - |
A 6340 Orange Avenue Sold | $835,000 | 0 | 0 | 1,920 | $435 | 0.5 mi |
B 5623 Lemon Avenue Pending | $880,000 List Price | 0 | 0 | 2,054 | $428 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1965, the property has undergone significant recent renovations including a brand-new roof, dual-pane windows, new flooring, and fresh paint. The bathrooms feature updated vanities and tiling, and the units are move-in ready. It misses an 'excellent' rating due to the presence of older wall heaters instead of central HVAC and dated kitchen cabinetry styles.
The property offers significant value-add opportunities with the potential to add both an ADU and a J-ADU, leveraging the R-1-N zoning and large backyard to increase unit count and cash flow.
The duplex features a brand-new roof, dual-pane windows, fresh paint, and new flooring, making it tenant-ready and reducing immediate capital expenditure for the buyer.
With a projected total market rent potential of up to $6,200 per month, the property presents a lucrative opportunity for investors to significantly increase yield over current rental rates.
The downstairs unit is currently rented at $2,400, which is substantially below the market potential of $3,000-$3,500, requiring a strategic lease transition to maximize ROI.
Adding two additional units to a 4,916 sqft lot may result in a crowded site plan, potentially compromising privacy and outdoor utility for the existing residents.
NEW ROOF! DUPLEX WITH POTENTIAL TO ADD TWO ADDITIONAL UNITS WITH AN ADU AND J-ADU. ZONING RESIDENTIAL (R-1-N) LARGE BACKYARD PLUS 3 CAR GARAGE AND LARGE DRIVEWAY GIVES YOU THE POTENTIAL & SETBACKS TO MAKE THIS HAPPEN. UPSTAIRS UNIT IS A 2 BED/1 BATH WITH 1 CAR GARAGE. RENT POTENTIAL BETWEEN $2,200-$2,700 PER MONTH. DOWNSTAIRS UNIT IS A 3 BED/2 BATH WITH A 2 CAR ATTACHED GARAGE. CURRENT RENT IS $2,400 WITH A FUTURE POTENTIAL RENT BETWEEN $3,000-$3,500. LARGE DRIVEWAY, LARGE BACKYARD, LOTS OF PARKING AND STREET ACCESS. NEW ROOF, DUAL PANE WINDOWS, FRESH PAINT AND FLOORS. TENANT OR OWNER READY! ***SEE SUPPLEMENTS FOR INVESTOR ANALYSIS, ZONING MAP, AND CURRENT TENANT LEASE****
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 0.0 | 95% |
| Baths | 3.0 | 0.0 | 90% |
| Square foot | 2,220 | 1,613.5 | 70% |
| Lot Size | 4,916 | 4,849.5 | 50% |
| Price | $899.9K | $820.8K | 75% |
| Price per sq ft | $405 | $525 | 30% |
| Built year | 1965 | 1950 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 217 | 5% |
May 3, 2026
$899,888
Initial Listing