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    672 Junipero Avenue

    Long Beach, CA 90814
    • $1,195,000
    • STATUS: ACTIVE
    • ON SITE: 181 days
    • ID#: 302606200
    $1,195,000
    • 1
      BEDS
    • 0.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Located in the desirable Historic Rose Park district of Long Beach. This 4-unit 1920's apartment property is comprised of 2 buildings on a 4,401 sq ft lot. Building features four units tucked away with private gardens, patios, built-in cabinets with the 1920's charm, updated granite counter tops, tile floors and new paint. Tankless water heaters in two of the units as well as two garages. All the units are separately metered, and tenants pay their own utilities except water. Very rare to find such a beaut Located in the desirable Historic Rose Park district of Long Beach. This 4-unit 1920's apartment property is comprised of 2 buildings on a 4,401 sq ft lot. Building features four units tucked away with private gardens, patios, built-in cabinets with the 1920's charm, updated granite counter tops, tile floors and new paint. Tankless water heaters in two of the units as well as two garages. All the units are separately metered, and tenants pay their own utilities except water. Very rare to find such a beautiful 4-unit property in this condition. Property is very quiet and on a very nice street near Rose Park. The property is located within walking distance of the vibrant Retro Row retail/restaurant area of Long Beach and the fast-developing East Village Arts District, which is close to downtown. With a current 4.78% Cap Rate, this is perfect investment for owner occupant that wants a home and rental income or for an investor who wants a low maintenance rental with excellent long-term tenants, good cash flow and upside in the rent.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    672 Junipero Avenue Long Beach, CA 90814

    • Price: $1,195,000
    • Status: ACTIVE
    • ID#: 302606200
    1
    Beds
    0
    Baths
    0
    ½ Baths
    0.1
    Acres
    1921
    Built
    Neighborhood:
    Long Beach (90814)
    County:
    Los Angeles
    Area:
    Long Beach (90814)
    Property Description
    Located in the desirable Historic Rose Park district of Long Beach. This 4-unit 1920's apartment property is comprised of 2 buildings on a 4,401 sq ft lot. Building features four units tucked away with private gardens, patios, built-in cabinets with the 1920's charm, updated granite counter tops, tile floors and new paint. Tankless water heaters in two of the units as well as two garages. All the units are separately metered, and tenants pay their own utilities except water. Very rare to find such a beaut Located in the desirable Historic Rose Park district of Long Beach. This 4-unit 1920's apartment property is comprised of 2 buildings on a 4,401 sq ft lot. Building features four units tucked away with private gardens, patios, built-in cabinets with the 1920's charm, updated granite counter tops, tile floors and new paint. Tankless water heaters in two of the units as well as two garages. All the units are separately metered, and tenants pay their own utilities except water. Very rare to find such a beautiful 4-unit property in this condition. Property is very quiet and on a very nice street near Rose Park. The property is located within walking distance of the vibrant Retro Row retail/restaurant area of Long Beach and the fast-developing East Village Arts District, which is close to downtown. With a current 4.78% Cap Rate, this is perfect investment for owner occupant that wants a home and rental income or for an investor who wants a low maintenance rental with excellent long-term tenants, good cash flow and upside in the rent.
    Exterior Features

    Pool N/K Site Curbs

    Interior Features

    Cooling N/K Total Baths Unit1 1 Total Baths Unit2 1

    Property Features

    Actual Cap Rate 4.78 Annual Expense Actual 21750 Buildings 2 Gross Rent Multiplier Actual 15.16 Gross Scheduled Income Actual 79080 Tenant Pays Cable TvElectricityGas/Propane Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1350.0 Unit2 Rent Actual 1680.0 Zoning Assessor

    Listing provided courtesy of Coldwell Banker Commercial. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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