1128 Stanley Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$3,000,000 USD
714-814-2088
1128 Stanley Ave, Long Beach, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/14
null | 5.22% Cap Rate

1128 Stanley Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Updated interiors, new appliances and turn-key units.
  • Immediate Cash Flow, 5.22% in-place cap rate with positive leverage and strong debt coverage (1.23x DSCR)
  • Desirable 2BD / 2BA Unit Mix – 8 of 9 units are 2-bedroom layouts, supporting long-term tenant stability and lower turnover.
  • Prime Long Beach Location – Minutes to Alamitos Beach, Downtown Long Beach, and major employment centers.
  • Tenant-Paid Utilities (Gas & Electric) – Efficient operating profile with controlled expense exposure.

OVERVIEW

Le Investment Group is pleased to present 1128 Stanley Avenue, a 9-unit renovated multifamily asset located in a prime coastal submarket of Long Beach. Offered at $3,000,000 ($333,333 per unit), the property delivers immediate in-place cash flow with a 5.22% cap rate and strong debt coverage, while still providing measurable upside to a 5.66% cap rate at market rents. The asset has undergone recent unit renovations, including updated interiors and new appliances, allowing new ownership to step into stabilized, turn-key operations with minimal near-term capital requirements. With a desirable 2BD/2BA unit mix, tenant-paid gas and electricity, and proximity to the beach and Downtown Long Beach, this offering presents a defensive coastal investment with long-term rent durability and strong exit liquidity.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$364 USD /SF

# OF UNITS

9

PRICE/UNIT

$333,333

CAP RATE

5.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,674 SF

ZONING

LBR2N

APN/PARCEL ID

7260-029-016

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

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Albert LeLe Investment GroupMore Info
714-814-2088

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