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Long Beach, CA 90814,311 Junipero AVE
Long Beach, CA 90814,311 Junipero AVE
Long Beach, CA 90814,311 Junipero AVE
$6,000,000
Est. payment /mo
$6,000,000
Est.Price: ?

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6,503 Sqft Lot
SOLD DATE : 12/08/2021

Key Details

Sold Price $6,000,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Park (Bp)

MLS Listing ID PW21194727

Year Built 1962

Lot Size 6,503 Sqft

Property Description

We are 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.

Location

State CA

County Los Angeles

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Zoning LBR1N

Interior

Laundry None

Exterior

Pool None

Community Features Curbs, Sidewalks

Building

Lot Description Item1620UnitsAcre

Sewer PublicSewer

Water Public

New Construction No

Others

Acceptable Financing Cash, CashtoNewLoan, Item1031Exchange

Listing Terms Cash, CashtoNewLoan, Item1031Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin King • Marcus & Millichap
Bought with Pat Swanson • Pat Swanson
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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