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$ 2,039,000
Est. payment /mo
Price Dropped by $10K
1335 Stanley AVE Long Beach, CA 90804
18 Beds
10 Baths
6,810 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,810 sqft
Price per Sqft $299
MLS Listing ID 25484309
Bedrooms 18
HOA Y/N No
Year Built 1963
Lot Size 6,425 Sqft
Property Description
PRICE REDUCED TO SELL - SELLER IS MOTIVATED. 10.5 GRM AND 6.3% CAP on in place rents, with upside to a 9.3 GRM and a 7.6% 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.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7260023010
Special Listing Condition Standard
Listed by Jonathan Swire • The Agency