NOT LISTED FOR SALE

1075 Junipero Ave Long Beach, CA 90804

Hellman Neighborhood
2 Beds
2 Baths
13,376 Sq Ft
0.27 Acres

Last Sold November 18, 2020

Last sale price $4,900,000 $366 Per Sq Ft

290 Days on Market

Highlights

  • 0.27 Acre Lot
  • No HOA
  • Laundry Room
  • Woodrow Wilson High School Rated A

About This Home

As of November 2020

Located on the emerging Eastside of Long Beach, this offering features all two bedroom two bath apartment units and 24 garage spaces. Each unit is individually metered for gas and electricity, as well as having individual water heaters. Situated on two separate parcels, each with 8 units and 12 garage spaces, this property offers an investor the chance to receive an attractive cash on cash return with rental upside.

Last Agent to Sell the Property

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 01/06/2020

Last Buyer's Agent

Mike Marcu

Mike Marcu, Broker License #00919594 Listed on: 01/06/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.27 Acre Lot
  • 1 Common Wall
  • Density is 36-40 Units/Acre
  • 7262005013

Parking

  • 24 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • 13,376 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 7262
  • Tax Tract Number 5

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 16 Units

Amenities

  • Laundry Facilities

Building Details

  • 16 Leased Units
  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $2,276
  • Fuel Expense $193
  • Gardener Expense $720
  • Insurance Expense $3,400
  • Maintenance Expense $9,225
  • Other Expense $8,796
  • Professional Management Expense $8,100
  • Trash Expense $5,000
  • Water Sewer Expense $4,759
  • New Taxes Expense $64,630
  • Operating Expense $102,897
  • Gross Income $367,260
  • Net Operating Income $253,897

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

24

Listing Details

  • CapRate: 4.84
  • Professional Management Expense: 8100.00
  • Property Attached: Yes
  • Subdivision Name Other: Junipero Gardens (JPG)
  • Water Sewer Expenses: 4759.00
  • Property Type: Residential Income
  • Gardener Expense: 720.00
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 366.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 24.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 24.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 5000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7262005013
  • Land Lease: No
  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 11761.20
  • Lot Size Acres: 0.2700
  • Latitude Manual: 33.78037400

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 2276.00
  • Fuel Expense: 193.00
  • Gross Income: 367260.00
  • Gross Multiplier: 14.30
  • Gross Operating Income: 356242.00
  • Gross Scheduled Income: 367260.00
  • Gross Spendable Income: 253897.00
  • Insurance Expense: 3400.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 600.00
  • Lot Size Area: 0.2700 Acres
  • Maintenance Expense: 9225.00
  • Net Operating Income: 253897.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 16
  • Number Of Units Total: 16
  • Operating Expense: 102345.00
  • Other Expense: 8796.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Expenses: 102897.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 64630.00
  • Tax Lot: 7262
  • Tax Tract Number: 005

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/18/2020 11/18/20 Sold $4,900,000 -6.7% $366 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
01/06/2020 01/06/20 For Sale $5,250,000 +337.5% $392 / Sq Ft
12/31/2013 12/31/13 Sold $1,200,000 +0.4% $179 / Sq Ft View Prior Sale
10/25/2013 10/25/13 Pending -- -- --
09/25/2013 09/25/13 For Sale $1,195,000 -- $179 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mike Marcu

    Seller's Agent in 2020

    Mike Marcu

    Mike Marcu, Broker

    (562) 260-0940

    15 Total Sales

    Mike Marcu
    Section Image

  • D

    Seller's Agent in 2013

    Drew Baker

    Remco - A. R. E. & Mgmt. Co.

    (714) 995-5222

    14 Total Sales

    Drew Baker
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20003984

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Hellman

1075 Junipero Ave, Long Beach, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes