$1,195,000

672 Junipero Avenue

Long Beach CA, 90814

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 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.

Details

MLS#PW20147640
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1921
Days On Site221

Features

Garage2
Acreage0.10
Water FrontNo
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Area Information
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90814
Area3 - Eastside, Circle Area
Community NameEastside (ES)
Listing VS Median (in Eastside (ES))
Price:
$1,195,000
low | high
Med:
$579,000
100% of Average
On Site:
221
low | high
Med:
350
63.142857142857% of Average
Sourced by Back At You
Listing Updated: February 9, 2021 3:52:24 PM PST
George Bustamante LogoMLS Number: PW20147640
Listing Provided By:
George Bustamante  of  Coldwell Banker Commercial
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