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500 Junipero Ave Long Beach, CA 90814

$3,100,000 Sold Price as of 10/17/2019

12 Beds
10 Baths
6,160 Sq.Ft.

Sold

$3,100,000 Sold Price as of 10/17/2019 Refinance Your Mortgage

Map preview of 500 Junipero Ave, Long Beach, CA 90814

Property Overview: 500 Junipero Ave Long Beach, CA has 12 bedrooms, 10 bathrooms, 6,160 living square feet and 6,170 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 500 Junipero Avenue is a 10-unit turn-key asset just one block from Fourth Street/Retro Row. The building offers 8 one-bedroom/one-bath and 2 two-bedroom/ one-bath units. All units are completely remodeled with new wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The property also features 5 garages (a total of 10 parking spaces), a community courtyard with BBQ and dining facilities, drought- tolerant landscaping and modern outdoor lighting. 500 Junipero Avenue offers an investor the opportunity to own a completely remodeled, turn-key asset in one of the most sought- after rental markets in Long Beach. The area surrounding Rose Circle Park is known for its enclave of desirable 1910-1922 Craftsman bungalows. It has developed into a bustling, walkable neighborhood offering many dining, nightlife and retail amenities. Eclectic and hip Fourth Street Retro Row is a popular destination for its selection of vintage and contemporary clothing, furniture, homegoods, art antiques and skateboards; as well as locally-owned restaurants, coffee shops and wine bars.

Listed by Robert Stepp | BRE #01456379 | Keller Williams Pacific Estate

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft: 6,170
HOA Dues: $0/mo
Year built: 1963
Garage: 10 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW19179740
City: Long Beach
County: Los Angeles
Time on Site: 1530 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 10
Total # of Buildings: 1
# of Electric Meters: 10
# of Gas Meters: 10
# of Water Meters: 1

Unit Breakdown 1

# of Units: 2
# of Beds: 2
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,995
Total Rent: $3,990
Pro Forma/Market Rent: $1,995

Unit Breakdown 2

# of Units: 8
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,667
Total Rent: $13,336
Pro Forma/Market Rent: $1,695

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $207,900
Net Operating Income: $140,636
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $69,154
Electric: $1,310
Gas/Fuel: $1,310
Licenses: $967
New Taxes: $40,105
Trash: $1,310
Gardener: $860
Insurance: $3,595
Maintenance: $5,000
Professional Management: $9,441
Water/Sewer: $1,310
Other Expenses: $2,500
Other Expense Description: Reserves

Property Details for 500 Junipero Ave

Interior Features

Laundry Information

Has Laundry
Common Area

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 10
# of Parking Spaces: 10
Has Parking
Parking Features: Garage

Lot Information

Lot Features: 6-10 Units/Acre
Lot Size Source: Assessor

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 10
Parcel Number: 7263021005
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: Other (OTHR)
Other Subdivision Name: Fourth Street/Retro Row
Directions: Cherry Ave & E 4th St

Neighborhood Information

Community Features: Sidewalks, Street Lights, Urban

View more facts & features

Local Long Beach Agent

Sale History for 500 Junipero Ave

Last sold for $3,100,000 on October 17th, 2019

October, 2019
Oct 21, 2019

Date

Sold

CRMLS: PW19179740

$3,100,000

Price
Sep 13, 2019

Date

Pending

CRMLS: PW19179740

$3,200,000

Price
Jul 29, 2019

Date

Active

CRMLS: PW19179740

$3,200,000

Price
October, 2019
Oct 17, 2019

Date

Sold (Public Records)

Public Records

$3,100,000

Price
May, 2016
May 20, 2016

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 500 Junipero Ave

Assessed Value (2020): $3,101,680

Year	Land Value	Improved Value	Assessed Value
2020	$600,000	$2,501,680	$3,101,680

Home Value Compared to the Market

This property vs the competition

500 Junipero Ave sold on October 17, 2019 for 290.72% 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 $519.48 per/sqft which puts the price per square foot 17.28% lower than the current median sale per square foot for the city of Long Beach.

About 500 Junipero Ave

Detailed summary of property

500 Junipero Ave is a multi family that recently sold in Long Beach, CA 90814. This multi family property offered 12 bedrooms, 10 bathrooms, roughly 6,160 living square feet, and sits on an approximately 6,170 square foot lot. 500 Junipero Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $3,100,000. 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 290.72% higher than the current median priced home. Local homes that are currently for sale include 5267 E Ocean Blvd, 733 Daisy Ave and 3402 Gundry Ave. While the average home in Long Beach, CA is selling in 65 days, 500 Junipero Ave has a days on market of 16 days. There are currently 777 homes for sale in the Long Beach real estate market and 410 of them are single family homes while 343 of them are condos and 22 are townhomes. For more information on this home for sale at 500 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 500 Junipero Ave

Public county record property details

Beds: 12
Baths: 10
Year built: 1963
Sq. Ft.: 6,160
Lot Size: 6,169
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 5
APN: 7263-021-005

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

$964,900

Median List Price/Sq.Ft.

$664

Median Sold Price

$692,500

Median Sold Price/Sq.Ft.

$596

Total Inventory

Median Sale to List Price %

106.54%

Avg Days on Market

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.