Listings

311-315 Junipero Ave, Long Beach, California 90814
Escrow: $6,000,000

Units: 16

CAP: 4.17

  • Rare Alamitos Beach Location: Centrally located to Bluff Park, Bixby Park, Retro Row, Carroll Park & Downtown Long Beach
  • True Pride of Ownership Legacy Asset: Built in 1954 and Completely Reinvented in 2017
  • Great Unit Mix of One Bedroom and Two Bedroom Units: Separately Metered for Gas and Electricity
  • Complete Renovation Done to Current Standards: Upgraded Electrical, Upgraded Plumbing, Modern Finishes, Vinyl Flooring, New Kitchens, & New Bathrooms
  • Amenities That All Tenants Value: Synergized Outdoor Space, Brand New Appliances, and Eight Private Parking Garages
  • 92 Walk Score – “Walker’s Paradise” & 91 Bike Score – “Biker’s Paradise”

Lead Agent : Kevin J. King

Phone Number : 562 257 1246

Email Address : kevin.king@marcusmillichap.com

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The King Group is pleased to present a 16-unit multifamily property located at 311-315 Junipero Avenue located in Long Beach, CA. Built in 1954, the subject property consists of 11,316 rentable square feet spread throughout a 13,000 square foot lot. The building consists of ten 1-bedroom / 1-bathroom units, and six 2-bedroom / 1 -bathroom unit. It contains eight garages and a communal patio for tenants.

The units were fully renovated and re-imagined, including creative amenities such as new kitchens & bathrooms, vinyl floors, and open living areas. The layout for each unit was redesigned to maximize living space, emphasize natural light, and to accentuate modern architectural elements.

Tenants enjoy living between Downtown Long Beach and Belmont Shore, a short distance to local beaches, California State University of Long Beach, as well as shopping, restaurants, and nightlife. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The city is undergoing a building boom with more than $5 billion in private and public investments in various stages of development. The new $520 million Long Beach Civic Center development will house a new City Hall, Port of Long Beach headquarters and the Main Library. Long Beach sustains its ability to attract renters due to its strong economy and quality of life.

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