500 Junipero Avenue

500 Junipero Avenue,Long Beach, CA 90814

1963

Year Build

$3,100,000

Price

Property Details

Current Cap Rate

Market Cap

Current GRM

Market GRM

25907 Oak Street

25907 Oak Street | Lomita, CA 90717

$10,750,000

Price per Unit

Property Details

Tyler Leeson

$10,750,000

Building Size

23,312 SF

Number Of Units

23

Cap Rate

3.69%

Total Lot Size

23,312 SF

Year Built

23

Number Of Units

23

Year Built

23

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.

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