$2,400,000

Estimated payment $15,706/month

3 Beds
3 Baths
7,461 Sq Ft
$322 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Facilities
  • Level Lot
  • Wilson High School Rated A

About This Home

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.

Listing Agent

Tyler Leeson

Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 09/17/2026

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Level Lot

Parking

  • 6 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 7,461 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 34
  • Tax Tract Number 576901
  • Assessor Parcel Number 7260031021
  • $2,206 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Amenities

  • Laundry Facilities

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,716
  • Fuel Expense $4,098
  • Insurance Expense $11,000
  • Maintenance Expense $9,350
  • Trash Expense $4,098
  • Water Sewer Expense $4,098
  • New Taxes Expense $30,458
  • Operating Expense $72,190
  • Gross Income $209,280
  • Net Operating Income $130,917

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

6,534 Sq Ft Lot

Parking

6

Listing Details

  • CapRate: 5.45
  • Property Attached: No
  • Water Sewer Expenses: 4098.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7260031021
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 321.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4098.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Curbs, Street Lights, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Electric Expense: 1716.00
  • Fuel Expense: 4098.00
  • Gross Income: 209280.00
  • Gross Multiplier: 11.47
  • Gross Operating Income: 199591.00
  • Gross Scheduled Income: 205764.00
  • Insurance Expense: 11000.00
  • Lot Size Area: 0.1500 Acres
  • Maintenance Expense: 9350.00
  • Net Operating Income: 130917.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 11
  • Operating Expense: 72190.00
  • Operating Expense Percent: 35.50
  • Other Income1: 3516.00
  • Rent Control: No
  • Total Expenses: 72190.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 30458.00
  • Tax Lot: 34
  • Tax Tract Number: 576901
  • TaxOtherAnnualAssessmentAmount: 2206.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/17/2026 09/17/26 For Sale $2,400,000 -- $322 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC26203726

California Regional Multiple Listing Service (CRMLS)
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