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Listed by Christopher Van Vuuren • Lyon Stahl Investment Real Estate, Inc.
$ 1,580,000
Est. payment /mo
New
1600 Junipero Avenue Long Beach, CA 90804
4,266 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,266 sqft
Price per Sqft $370
Subdivision Eastside
MLS Listing ID SB-25117441
Year Built 1977
Lot Size 7,043 Sqft
Property Sub-Type Quadruplex
Property Description
1600 Junipero Avenue, a four-unit multifamily property located on the Eastside Long Beach / Signal Hill border. With an attractive unit mix of four (4) spacious three-bedroom, one-bath units--all featuring in-unit laundry--this offering appeals to both owner-users and investors alike. The property is fully occupied by long-term tenants on HACLB Section 8 vouchers, providing guaranteed, on-time rent payments and reliable cash flow. Offered below replacement cost, this is one of the most compelling 4-unit investment opportunities currently available in the city. Situated on a 7,043 SF lot, the property features 4,266 SF of rentable space and includes 8 uncovered parking spaces--providing each unit with two dedicated spots, a rare amenity for comparable properties. The oversized parking area also offers additional upside, with potential to add up to four (4) detached ADUs (buyer to verify). All units are separately metered for gas and electricity, have individual water heaters, and the layout is well-suited for implementing RUBS or utility bill-backs to further reduce landlord expenses.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Laundry Inside
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks
Building
Lot Description Lot 6500-9999
Sewer Public Sewer