1128 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.60 x gross and 5.41% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 13 total spaces — nine (9) covered garage spaces under the building and two (2) two-car garages. With a Walk Score of 89, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
Property Details
Price:
$3,000,000
MLS #:
PW23229200
Status:
Active
Baths:
0
Address:
1128 Stanley Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Eastside ES
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Dec 21, 2023
State:
CA
ZIP:
90804
Lot Size:
6,619 sqft / 0.15 acres (approx)
Year Built:
1987
See this Listing
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Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
13.00
Lot Features
6-10 Units/ Acre
Parking Spots
13.00
Pool Features
None
Sewer
Public Sewer
Stories Total
3
Water Source
Public
Financial
Map
Community
- Address1128 Stanley Avenue Long Beach CA
- Area3 – Eastside, Circle Area
- SubdivisionEastside (ES)
- CityLong Beach
- CountyLos Angeles
- Zip Code90804
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Courtesy of Keller Williams – Santa Monica. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.1128 Stanley Avenue
Long Beach, CA
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