1071 Junipero Avenue

    Long Beach, CA 90804
    • $5,250,000
    • STATUS: Active
    • ON SITE: 107 days
    • ID#: OC19154689
    UPDATED: 226 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

    Built in 1987 and featuring all two bedroom two bath apartment units this well maintained property offers an investor the opportunity to own in one if the most dynamic cities in Southern California. With 2 separate parcel numbers and offering a high Capitalization Rate, while interest rates are at historic lows, allows for better leverage and a higher cash on cash return. The upstairs units have Cathedral Ceilings in the Living room and kitchen, 24 garage parking spaces are available, each unit has its own water heater (many less than 1.5 years old), and tenants pay for gas and electricity. Income shown is effective 9/1/19.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/96457254

    1071 Junipero Avenue Long Beach, CA 90804

    • Price: $5,250,000
    • Status: Active
    • Updated: 226 min ago
    • ID#: OC19154689
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    13,376
    SQFT
    $392
    $/SQFT
    1987
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    Built in 1987 and featuring all two bedroom two bath apartment units this well maintained property offers an investor the opportunity to own in one if the most dynamic cities in Southern California. With 2 separate parcel numbers and offering a high Capitalization Rate, while interest rates are at historic lows, allows for better leverage and a higher cash on cash return. The upstairs units have Cathedral Ceilings in the Living room and kitchen, 24 garage parking spaces are available, each unit has its own water heater (many less than 1.5 years old), and tenants pay for gas and electricity. Income shown is effective 9/1/19.
    Exterior Features

    Garage Spaces 24.00 Lot Features 36-40 Units/Acre Lot Size Source Assessor Lot Size Units Acres Parking Total 24.00 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 Community Levels Three Or More

    Property Features

    Additional Parcels Description 7262005013 Additional Parcels YN Yes Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Urban Country Us Electric Expense 1954.00 Elevation Units Feet Fuel Expense 250.00 Gardener Expense 1800.00 Gross Income 600.00 Gross Operating Income 348467.00 Gross Scheduled Income 359244.00 Insurance Expense 4000.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 480.00 Laundry YN Yes Maintenance Expense 13841.00 Net Operating Income 242647.00 New Construction YN No New Taxes Expense 64547.00 Number Of Separate Electric Meters 18 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 2 Operating Expense 105820.00 Operating Expense Percent 30.00 Other Expense 2140.00 Other Expense Description Laundry Professional Management Expense 10364.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Eastside (Es) Tenant Pays ElectricityGas Total Expenses 105820.00 Trash Expense 2400.00 Vacancy Allowance 10777 Vacancy Allowance Rate 3.00 Water Sewer Expense 4500.00 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 2019-10-17T00:35:15.083. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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