311-315 Junipero Ave - Apartments FOR SALE


Long Beach, CA 90814- Belmont Heights
$6,995,000 USD
714-299-6746
311-315 Junipero Ave, Long Beach, CA for Sale
$6,995,000 USD
Apartments - FOR SALE
1/28
null | 5.5% Cap Rate

311-315 Junipero Ave
Long Beach, CA 90814
Belmont Heights


HIGHLIGHTS

  • Pride of Ownership Asset situated on 2-Parcels
  • Ideal Unit Mix with (6) 2 Bedroom/1 Bath & (10) 1 Bedroom/1 Bath Units
  • Ample Parking with (8) Garages & (9) Uncovered Parking Spaces
  • Substantial Capital Improvements Provides Ease of Management
  • Amenities Include: Community Barbeque, Private Patios, Bike Racks, Gated Entry & On-site Laundry
  • No Rent Control (Only AB1482)

OVERVIEW

The Junipero Apartments presents an investor a rare opportunity to acquire a turnkey multifamily in the heart of Bluff Heights, one of Long Beach’s most desirable and walkable coastal neighborhoods. This 16-unit property is comprised of (6) large 2-bedroom/1-bath units and (10) 1-bedroom/1-bath units, offering a balanced unit mix. Strategically located minutes from the beach and the vibrant energy of 2nd Street and Belmont Shore, the property provides immediate access to boutique shopping, top-rated restaurants, and neighborhood cafés. Residents enjoy a true coastal lifestyle, with Alamitos Bay, Ocean Boulevard, Naples Island, and Marine Stadium all just a short bike ride or stroll away. This turnkey asset has been well-maintained and is positioned to offer stable, long-term cash flow with minimal operational responsibilities. Set within a historic district known for its charm and architectural character, the property also benefits from a strong rental market and consistent demand. Beyond its prime location and strong unit mix, 311–315 Junipero is located near Cal State Long Beach, downtown Long Beach, and major freeways, offering excellent connectivity to both Orange County and Los Angeles. The area continues to benefit from ongoing city investment in infrastructure, walkability, and small business development. With its blend of lifestyle, location, and income potential, The Junipero Apartments is a rare opportunity to own a stabilized, income-producing asset in one of Southern California’s most vibrant coastal communities.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$618 USD /SF

# OF UNITS

16

PRICE/UNIT

$437,188

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LBR1N

APN/PARCEL ID

7263-006-032,7263-006-033

ASK ABOUT THIS PROPERTY

Michael BourasStream Realty Partners, LPMore Info
714-299-6746

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Michael BourasStream Realty Partners, LPMore Info
714-299-6746

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