Description

500 Junipero Avenue, Long Beach, CA 90814

Price: $3,200,000
Units: 10
Year Built: 1963
Size: 6,160 SF
Cap Rate: 4.39%
GRM: 14.49
Price per Unit: $320,000

500 Junipero Avenue is a 10-unit turn-key asset just one block from Fourth Street/Retro Row.

The building offers 8 one-bedroom/one-bath and 2 two-bedroom/one-bath units. All units are completely remodeled with new wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The property also features 5 garages (a total of 10 parking spaces), a community courtyard with BBQ and dining facilities, drought-tolerant landscaping and modern outdoor lighting. 500 Junipero Avenue offers an investor the opportunity to own a completely remodeled, turn-key asset in one of the most sought-after rental markets in Long Beach.