1341 Stanley Ave - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$1,297,000 USD
310-230-5478
1341 Stanley Ave, Long Beach, CA for Sale
$1,297,000 USD
Apartments - FOR SALE
1/6
null | 4.57% Cap Rate

1341 Stanley Ave
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Unit Mix: (4 Units) – (2) one-bed/one-bath and (2) two-bed/one-bath
  • Recent Upgrades: Over $70,000 in improvements including new roofs, redone deck w/ waterproofing, select unit upgrades with new water heaters, windows
  • Amenities: Four private covered garages; on-site laundry; separately metered for gas and electricity
  • No Local Rent Control: subject to AB 1482 (annual increases of 5% + CPI)
  • Financing: Eligible for 30-year residential financing

OVERVIEW

1341 Stanley Avenue presents an exceptional opportunity to acquire a well-maintained four-unit property in the heart of Long Beach. The building encompasses approximately 2,456 square feet on a 6,431-square-foot lot and features (2) 2-bedroom/1-bath units and (2) 1-bedroom/1-bath units, all occupied by reliable tenants with a history of on-time rent payments. The property has benefited from over $70,000 in recent upgrades, including new warrantied roofs on all structures (2024), a newly redone deck with stucco and waterproofing, and replaced some underground piping. Select units feature upgraded interiors, new high-end Bradford White water heaters, and new windows. Additional highlights include four private covered garages, on-site laundry, and separately metered utilities for gas and electricity. This desirable investment offers strong in-place income and is eligible for 30-year residential financing. With no local rent control and subject to AB 1482, annual rent increases of 5% + CPI (currently 8%) are permitted, making it an excellent opportunity for investors seeking a stable asset in a prime Long Beach location.

FOR SALE DETAILS

PRICE

$1,297,000 USD

PRICE/SF

$540 USD /SF

# OF UNITS

4

PRICE/UNIT

$324,250

CAP RATE

4.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,431 SF

ZONING

R2N

APN/PARCEL ID

7260-023-009

ASK ABOUT THIS PROPERTY

Bobby SillmanLyon Stahl Investment Real EstateMore Info
310-230-5478

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Bobby SillmanLyon Stahl Investment Real EstateMore Info
310-230-5478

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