$2,039,000
1335 Stanley Avenue
Long Beach, CA, 90804
PRICE REDUCED TO SELL – SELLER IS MOTIVATED. 10.3 GRM AND 6.5% CAP on in place rents, with upside to a 9.3 GRM and a 7.7% CAP. 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. And only $299/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:
$2,039,000
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
Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
4.00
Financial
Mortgage Calculator
Map
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Courtesy of The Agency. 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 Houzerz Real Estate and Loans include the name of the listing broker. Neither the listing company nor Houzerz Real Estate and Loans 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 2025. California Regional Multiple Listing Service. All rights reserved. 1335 Stanley Avenue
Long Beach, CA
