311-315 Junipero Ave 16 Unit Apartment Building $6,995,000 ($437,188/Unit) 5.50% Cap Rate Long Beach, CA 90814

The Junipero Apartments presents an investor a rare opportunity to acquire a turnkey multifamily in the heart of Bluff Heights, one of Long Beach’s most desirable and walkable coastal neighborhoods. This 16-unit property is comprised of (6) large 2-bedroom/1-bath units and (10) 1-bedroom/1-bath units, offering a balanced unit mix.
Strategically located minutes from the beach and the vibrant energy of 2nd Street and Belmont Shore, the property provides immediate access to boutique shopping, top-rated restaurants, and neighborhood cafés. Residents enjoy a true coastal lifestyle, with Alamitos Bay, Ocean Boulevard, Naples Island, and Marine Stadium all just a short bike ride or stroll away.
This turnkey asset has been well-maintained and is positioned to offer stable, long-term cash flow with minimal operational responsibilities. Set within a historic district known for its charm and architectural character, the property also benefits from a strong rental market and consistent demand.
Beyond its prime location and strong unit mix, 311–315 Junipero is located near Cal State Long Beach, downtown Long Beach, and major freeways, offering excellent connectivity to both Orange County and Los Angeles. The area continues to benefit from ongoing city investment in infrastructure, walkability, and small business development.
With its blend of lifestyle, location, and income potential, The Junipero Apartments is a rare opportunity to own a stabilized, income-producing asset in one of Southern California’s most vibrant coastal communities.