1137 Junipero Avenue — Sale in Long Beach, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Long Beach, CA 92612

Photos

1137 Junipero Avenue — Sale in Long Beach, CA, photo 1 of 6
1137 Junipero Avenue — Sale in Long Beach, CA, photo 2 of 6
1137 Junipero Avenue — Sale in Long Beach, CA, photo 3 of 6
1137 Junipero Avenue — Sale in Long Beach, CA, photo 4 of 6
1137 Junipero Avenue — Sale in Long Beach, CA, photo 5 of 6
1137 Junipero Avenue — Sale in Long Beach, CA, photo 6 of 6

Investment Figures

Cap rate
5.45%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Investment 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.

Market Context

This multifamily in Long Beach, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Long Beach, CA — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in Long Beach, CA