1600 Junipero Ave 4 Unit Apartment Building $1,580,000 ($395,000/Unit) 5.78% Cap Rate Long Beach, CA 90804

The Van Vuuren Investment Group of Lyon Stahl IRE is proud to present 1600 Junipero Avenue, a four-unit multifamily property located on the Eastside Long Beach / Signal Hill border. With an attractive unit mix of four (4) spacious three-bedroom, one-bath units—all featuring in-unit laundry—this offering appeals to both owner-users and investors alike. The property is fully occupied by long-term tenants on HACLB Section 8 vouchers, providing guaranteed, on-time rent payments and reliable cash flow. Offered below replacement cost, this is one of the most compelling 4-unit investment opportunities currently available in the city.
Situated on a 7,043 SF lot, the property features 4,266 SF of rentable space and includes 8 uncovered parking spaces—providing each unit with two dedicated spots, a rare amenity for comparable properties. The oversized parking area also offers additional upside, with potential to add up to four (4) detached ADUs (buyer to verify). All units are separately metered for gas and electricity, have individual water heaters, and the layout is well-suited for implementing RUBS or utility bill-backs to further reduce landlord expenses.
1600 Junipero Avenue offers multiple value-add strategies to significantly boost NOI. Renovating the interiors could potentially unlock over 30% upside in market rents, while the oversized lot provides room to add tenant storage units for additional income. There is also the opportunity to monetize parking through monthly fees. The potential for ADU development serves as a longer-term play for those looking to maximize site density and future appreciation. With secure, government-backed income and multiple paths to increase cash flow and boost future returns, this asset checks all the boxes for a strong-performing multifamily investment in a growing Long Beach submarket.