Movoto Real Estate

1137 Junipero Ave, Long Beach, CA 90804

$2,400,000
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  • —

    bed

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    bath

Multi-family for sale 33 days

About 1137 Junipero Ave

Property type Multi-family
Neighborhood
Year built 1963
HOA fee $0/month
Lot size 6,534 Sqft
Movoto estimate
Parking 6 garage spaces
Rental estimate
Property description
1137 Junipero Avenue is an 11-unit multifamily investment property located in Long Beach, California. 1137 Junipero Avenue was built in 1963 and features a unit mix of 9 1-bed/1-bath and 2 2-bed/2-bath units totaling approximately 7,461 rentable square feet. The gated property offers an on-site laundry room and 6 garage parking spaces, providing residents with practical amenities while generating ancillary income beyond base rental revenue. The property further benefits from copper plumbing throughout, representing a meaningful completed building-system improvement. Located in Long Beach’s Eastside, 1137 Junipero Avenue is positioned near the Anaheim Street and 7th Street corridors, providing convenient access to daily-needs retail, dining and public transportation. The property is also a short drive from the 4th Street/Retro Row corridor, Belmont Heights, the waterfront and Downtown Long Beach, placing residents near many of the city’s primary employment, recreation and entertainment destinations. With a predominantly 1-bedroom unit mix, established ancillary income sources and completed plumbing upgrades, 1137 Junipero Avenue offers a well-rounded multifamily investment within an established Long Beach rental market.
Listed by
Listing Agent - Tyler Leeson
Listing Agent Contact: Tleeson@marcusmillichap.com
Listing Office - Marcus & Millichap RE Invest
Source: CRMLS mls logo
MLS#OC26203726 • last updated 1 month ago
Movoto checked CRMLS for data 4 minutes ago
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Overview
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.15
Lot Size (SqFt) 6534
Year Built 1963
Interior
Laundry Community
Exterior
Building Area Square Feet, 7461
# Parking Spaces 6
# Garage Spaces 6
Lot Description Level With Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Gutters, Curbs, Street Lights, Sidewalks
Subdivision Other, Other (OTHR)
Directions Cross Streets Of Junipero Avenue & East 11th Street
APN 7260031021
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 6173
Expense: Trash 4098
Operating Expense 72190
Cap Rate 5.45
Expense: Insurance 11000
Total Expenses 72190
Expense: Maintenance 9350
Expense: Water/ Sewer 4098
Gross Income 209280
Gross Operating Income 199591
Expense: Electric 1716
Gross Multiplier 11.47
Gross Scheduled Income 205764
Expense: Fuel 4098
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90804
  • Hellman
  • 1137 Junipero Ave

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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