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    1075 Junipero Avenue

    Long Beach, CA 90804
    • $5,250,000
    • STATUS: Active
    • ON SITE: 211 days
    • ID#: OC20003984
    UPDATED: 64 min ago
    $5,250,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,376
      SQFT
    • $392
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    Description

    Located on the emerging Eastside of Long Beach, this offering features all two bedroom two bath apartment units and 24 garage spaces. Each unit is individually metered for gas and electricity, as well as having individual water heaters. Situated on two separate parcels, each with 8 units and 12 garage spaces, this property offers an investor the chance to receive an attractive cash on cash return with rental upside.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-06T10:26:56.167. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/102098382
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    1075 Junipero Avenue Long Beach, CA 90804

    • Price: $5,250,000
    • Status: Active
    • Updated: 64 min ago
    • ID#: OC20003984
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    13,376
    SQFT
    $392
    $/SQFT
    1987
    Built
    Neighborhood:
    Junipero Gardens (Jpg)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    Located on the emerging Eastside of Long Beach, this offering features all two bedroom two bath apartment units and 24 garage spaces. Each unit is individually metered for gas and electricity, as well as having individual water heaters. Situated on two separate parcels, each with 8 units and 12 garage spaces, this property offers an investor the chance to receive an attractive cash on cash return with rental upside.
    Exterior Features

    Garage Spaces 24.00 Lot Features 36-40 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Features Assigned Parking Total 24.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Common Area

    Property Features

    Additional Parcels Description 7262005013 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.84 Community Features Urban Country Us Electric Expense 2276.00 Elevation Units Feet Fuel Expense 193.00 Gardener Expense 720.00 Gross Income 367260.00 Gross Multiplier 14.30 Gross Operating Income 356242.00 Gross Scheduled Income 367260.00 Gross Spendable Income 253897.00 Insurance Expense 3400.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 600.00 Laundry YN Yes Licenses Expense 1782.00 Maintenance Expense 9225.00 Net Operating Income 253897.00 New Construction YN No New Taxes Expense 64630.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 2 Number Of Units Leased 16 Operating Expense 102345.00 Other Expense 8796.00 Other Expense Description Misc. Professional Management Expense 8100.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Junipero Gardens (Jpg) Tenant Pays ElectricityGas Total Expenses 102897.00 Trash Expense 5000.00 Vacancy Allowance 11018 Vacancy Allowance Rate 3.00 Water Sewer Expense 4759.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Mike Marcu of Mike Marcu, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-08-06T10:26:56.167. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
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