311 Junipero Ave, Long Beach, CA 90814
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311 Junipero Ave Long Beach, CA 90814

$6,000,000 Sold Price as of 12/08/2021
  • 22 Beds
  • 16 Baths
  • 11,316 Sq.Ft.
Sold
$6,000,000 Sold Price as of 12/08/2021 Refinance Your Mortgage

Map preview of 311 Junipero Ave, Long Beach, CA 90814

Property Overview: 311 Junipero Ave Long Beach, CA has 22 bedrooms, 16 bathrooms, 11,316 living square feet and 6,502 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Kevin King | BRE #01158184 | Marcus & Millichap
Last checked: 12 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 42

Home details

Lot Sq. Ft
6,502
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21194727
City
Long Beach
County
Los Angeles
Time on Site
1108 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 2
  • # of Electric Meters: 16
  • # of Gas Meters: 16
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $17,205
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,200
  • Total Rent: $12,975
  • Pro Forma/Market Rent: $2,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $362,160
  • Net Operating Income: $250,036
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $112,059
  • Electric: $1,458
  • Gas/Fuel: $1,459
  • New Taxes: $75,000
  • Trash: $0
  • Insurance: $3,195
  • Professional Management: $18,089
  • Water/Sewer: $1,459

Property Details for 311 Junipero Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 16-20 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 16
  • Parcel Number: 7263006033
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Park (BP)
  • Directions: Off E 3rd turn onto Junipero
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

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Sale History for 311 Junipero Ave

Last sold for $6,000,000 on December 8th, 2021
  • September, 2021

  • Sep 7, 2021

    Date

    Active

    CRMLS: PW21194727

    $6,000,000

    Price

  • May, 2016

  • May 20, 2016

    Date

    Sold (Public Records)

    Public Records

    $3,500,000

    Price

  • September, 2013

  • Sep 17, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 311 Junipero Ave

Assessed Value (2020): $2,802,017
Year Land Value Improved Value Assessed Value
2020 $1,300,500 $1,501,517 $2,802,017

Home Value Compared to the Market

This property vs the competition

311 Junipero Ave sold on December 8, 2021 for 632.6% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $530.22 per/sqft which puts the price per square foot 15.57% lower than the current median sale per square foot for the city of Long Beach.

About 311 Junipero Ave

Detailed summary of property

311 Junipero Ave is a multi family that recently sold in Long Beach, CA 90814. This multi family property offered 22 bedrooms, 16 bathrooms, roughly 11,316 living square feet, and sits on an approximately 6,502 square foot lot. 311 Junipero Ave was first listed on ArdentRealEstateGroup.com on September 7, 2021. The homeowner sold the property for $6,000,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 632.6% higher than the current median priced home. Local homes that are currently for sale include 3756 Raymond Ave, 1811 W Bay Ave and 1811 W Bay Ave. While the average home in Long Beach, CA is selling in 62 days, 311 Junipero Ave has a days on market of 42 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 311 Junipero Ave Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 311 Junipero Ave

Public county record property details
Beds
10
Baths
8
Year built
1962
Sq. Ft.
5,623
Lot Size
6,502
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
7263-006-033

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$642
Median Sold Price
$692,500
Median Sold Price/Sq.Ft.
$596
Total Inventory
45
Median Sale to List Price %
106.54%
Avg Days on Market
31
Loan Type
Conventional (42.86%), FHA (0%), VA (0%), Cash (21.43%), Other (35.71%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.