$ 3,000,000
1128 Stanley Avenue Long Beach, CA 90804
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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Listed by Robert Stepp • Keller Williams - Santa Monica
$ 3,000,000
Est. payment /mo
New
1128 Stanley Avenue Long Beach, CA 90804
8,245 SqFt
UPDATED:
09/09/2024 04:49 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,245 sqft
Price per Sqft $363
Subdivision Eastside
MLS Listing ID PW-23229200
Year Built 1987
Lot Size 6,619 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Zoning LBR2N
Interior
Laundry Common Area
Exterior
Garage Gated
Garage Spaces 13.0
Pool None
Community Features Sidewalks
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer