PRICED TO SELL. 8 units located on the East Side of Long Beach – subject to AB 1482 Rent Control (5% + CPI increases). All units are in very good condition. 10.6 GRM AND 6.3% CAP on in place rents, with upside to a 6.7% CAP. And only $301/SF. The property has new windows, new exterior paint, new landscaping, new garage doors and is professionally managed. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). Most units have W/D hookups. There are 4 garages on the front of the property. Units have individual waters heaters. EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND SETUP.
Property Details
Price:
$2,049,000
MLS #:
25484309
Status:
Active
Baths:
0
Address:
1335 Stanley Avenue
Type:
Residential Income
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Jan 16, 2025
State:
CA
ZIP:
90804
Lot Size:
6,423 sqft / 0.15 acres (approx)
Year Built:
1963
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Garage Spaces
4.00
Parking Features
Assigned
Parking Spots
4.00
Stories Total
2
Financial
Map
Community
- Address1335 Stanley Avenue Long Beach CA
- Area3 – Eastside, Circle Area
- CityLong Beach
- CountyLos Angeles
- Zip Code90804
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1335 Stanley Avenue
Long Beach, CA
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