1043 Stanley Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach | 
$1,575,000 USD
562-668-2390
1043 Stanley Ave, Long Beach, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/10
null | 7.27% Cap Rate

1043 Stanley Ave
Long Beach, CA 90804
Eastside Long Beach


OVERVIEW

Exceptional Long Beach income property generating $136,020. in current annual rents. Property features two residential buildings with four 2BR/1BA residences plus a spacious rear 2BR/2BA residence above the garages. There are 5 garages. 100% occupancy and strong existing income, with substantial value. ADU potential under current CA and Long Beach regulations. Excellent opportunity for an investor seeking immediate income with additional long term upside. Property shows as a 4 unit on tax records. Owner divided a 6 bedroom 2 bath unit into 2-2 bedroom 1 bath units without permits.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

4

PRICE/UNIT

$393,750

CAP RATE

7.27%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,521 SF

ZONING

LBR2N

APN/PARCEL ID

7262-004-016

ASK ABOUT THIS PROPERTY

Brian GormanCollege Park RealtyMore Info
562-668-2390

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Brian GormanCollege Park RealtyMore Info
562-668-2390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.