1144 Stanley Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $444
MLS Listing ID OC-25058726
Year Built 1972
Lot Size 6,617 Sqft
Property Sub-Type Townhouse
Property Description
An Incredibly Rare Offering in the City of Long Beach -- Fully remodeled in 2024, this 4-unit townhouse-style property presents a high-performing investment with 8 Total on-site Parking Spaces (2 spaces for Each Unit), 300 sqft private backyard for Each Unit, and a strong current Cap Rate of 5.30%, with pro forma potential of 5.70%. All 4-units are identical in layout and finishes, each offering: 3 Bedrooms / 2 Bathrooms, Approx. 1,150 sqft of living space, A/C & heating, washer/dryer hookups, quartz countertops, modern cabinetry, vinyl flooring, recessed lighting, new appliances. The property is separately metered for gas and electricity, with tenants responsible for all utilities, ensuring low operating expenses and ease of management. Located in a highly desirable Long Beach neighborhood, each unit has been thoughtfully designed for modern living and long-term durability--making this an ideal turnkey investment. Perfect for investors seeking immediate cash flow and strong long-term upside. Don't miss this rare, high-performing asset in the heart of Long Beach.
Location
State CA
County Los Angeles
Interior
Interior Features Recessed Lighting
Heating Ductless
Cooling Ductless
Flooring Vinyl
Fireplaces Type None
Laundry Gas Dryer Hookup,Washer Hookup
Exterior
Parking Features Uncovered
Pool None
Community Features Sidewalks
View Y/N Yes
Building
Lot Description Lot 6500-9999
Sewer Public Sewer