1137 Junipero Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach | 
$2,400,000 USD
714-713-9086
1137 Junipero Ave, Long Beach, CA for Sale
$2,400,000 USD
Apartments - FOR SALE
1/9
null | 5.45% Cap Rate

1137 Junipero Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Property Overview: 11 units built in 1963, totaling ±7,461 rentable square feet in Long Beach’s Eastside.
  • Favorable Unit Mix: Nine 1-bed/1-bath units and two 2-bed/2-bath units.
  • Ancillary Income: Gated access with an on-site laundry room and 6 garage parking spaces.
  • Capital Improvements: Upgraded with copper plumbing throughout.
  • Strategic Location: Close proximity to the Anaheim and 7th Street corridors, Retro Row, the waterfront, and Downtown.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present the opportunity to acquire 1137 Junipero Avenue, 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. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

11

PRICE/UNIT

$218,182

CAP RATE

5.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,674 SF

ZONING

R2N, Long Beach

APN/PARCEL ID

7260-031-021

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.