Listed By:
Tyler Leeson with Marcus & Millichap RE Invest; tleeson@marcusmillichap.com
Address
1137 Junipero Avenue, Long Beach, CA
Price
$ 2,400,000
Property Attributes
  • MLS#OC26203726
  • TypeMulti-Family
  • Listing Status Active
  • CountyLos Angeles
  • CityLong Beach
  • Area Eastside, Circle Area
  • NeighborhoodOther
  • Zip90804
  • Style
  • Year Built1963
  • Price$ 2,400,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage7461
  • Lot Size0.15 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

1137 Junipero Avenue is an 11-unit multifamily investment property located in Long Beach, California. 1137 Junipero Avenue was built in 1963 and features a unit mix of 9 1-bed/1-bath and 2 2-bed/2-bath units totaling approximately 7,461 rentable square feet. The gated property offers an on-site laundry room and 6 garage parking spaces, providing residents with practical amenities while generating ancillary income beyond base rental revenue. The property further benefits from copper plumbing throughout, representing a meaningful completed building-system improvement. Located in Long Beach’s Eastside, 1137 Junipero Avenue is positioned near the Anaheim Street and 7th Street corridors, providing convenient access to daily-needs retail, dining and public transportation. The property is also a short drive from the 4th Street/Retro Row corridor, Belmont Heights, the waterfront and Downtown Long Beach, placing residents near many of the city’s primary employment, recreation and entertainment destinations. With a predominantly 1-bedroom unit mix, established ancillary income sources and completed plumbing upgrades, 1137 Junipero Avenue offers a well-rounded multifamily investment within an established Long Beach rental market.

Price History
9/17/2026 Listed $2,400,000

General Features

Sewer Public Sewer
Garage Spaces 6
Pool Features None
Year Built 1963
Property Subtype Apartment
Gross Income 209280
Community Features Curbs,Gutter(s),Street Lights,Sidewalks
County Los Angeles
Net Operating Income 130917
Operating Expense 72190
Insurance Expense 11000
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 9350
Subdivision Name Other
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Cross Streets of Junipero Avenue & East 11th Street
City Long Beach
Entry Location First level
Senior Community Y/N false
Number Of Units Total 11
MLS Area 3 - Eastside, Circle Area
Lot Size Units Acres
Lot Size Square Feet 6534
Listing Terms Cash,Cash to New Loan,Conventional,1031 Exchange
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 1716
Fuel Expense 4098
Trash Expense 4098
Water Sewer Expense 4098
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 34
Property Sub Type Additional Apartment
Taxes 30458
Cap Rate 5.45
PostalCity LONG BEACH

Interior Features

Total Stories 2
Common Walls No Common Walls
Laundry Features Common Area
Entry Level 1

Exterior Features

Lot Features Street Level
Water Source Public
Total Parking 6
Lot Size Area 0.15
Number of Buildings 1
Building Area Total 7461
Lot Size Acres 0.15
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 11
Number of Separate Electric Meters 11

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90804

Price
AVG $1.73M
$2.4M
Year Built
AVG 1946
1963

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