Seller's Agent in 2021
Kevin King
Marcus & Millichap
(562) 257-1245
7 in this area
41 Total Sales
311 Junipero Ave Long Beach, CA 90814
North Alamitos Beach Neighborhood
3
Beds
2
Baths
11,316
Sq Ft
6,502
Sq Ft Lot
About This Home
As of December 2021We 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.
Last Agent to Sell the Property
Marcus & Millichap License #01158184 Listed on: 09/07/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 6,502 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- 11,316 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Legal Lot and Block 17 / 2
- Tax Tract Number 726
- Assessor Parcel Number 7263006033
- $1,369 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 16 Units
- Belmont Park Subdivision
Building Details
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- Electric Expense $1,458
- Fuel Expense $1,459
- Insurance Expense $3,195
- Professional Management Expense $18,089
- Water Sewer Expense $1,459
- New Taxes Expense $75,000
- Operating Expense $112,059
- Gross Income $250,036
- Net Operating Income $250,036
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/08/2021 12/08/21 | Sold | $6,000,000 | 0.0% | $530 / Sq Ft |
| 10/19/2021 10/19/21 | Pending | -- | -- | -- |
| 09/07/2021 09/07/21 | For Sale | $6,000,000 | -- | $530 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $40,265 | $3,183,623 | $1,910,174 | $1,273,449 |
| 2024 | $40,265 | $3,121,200 | $1,872,720 | $1,248,480 |
| 2023 | $39,587 | $3,060,000 | $1,836,000 | $1,224,000 |
| 2022 | $37,136 | $3,000,000 | $1,800,000 | $1,200,000 |
| 2021 | $35,095 | $2,830,823 | $1,313,973 | $1,516,850 |
| 2019 | $34,592 | $2,747,080 | $1,275,000 | $1,472,080 |
| 2018 | $33,749 | $2,693,220 | $1,250,000 | $1,443,220 |
| 2016 | $13,099 | $1,035,534 | $724,874 | $310,660 |
| 2015 | $12,586 | $1,019,980 | $713,986 | $305,994 |
| 2014 | $12,527 | $1,000,000 | $700,000 | $300,000 |
Source: Public Records
Agents Affiliated with this Home
-
Kevin King
-
Patrick Swanson
Buyer's Agent in 2021
Patrick Swanson
Pat Swanson
(213) 864-2862
4 in this area
57 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21194727
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.
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
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