1817 Stanley Ave - Apartments FOR SALE


Signal Hill, CA 90755
$1,495,000 USD
310-463-2916
1817 Stanley Ave, Signal Hill, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/19
null | 5.95% Cap Rate

1817 Stanley Ave
Signal Hill, CA 90755


HIGHLIGHTS

  • Supply-Constrained Signal Hill Location
  • 10.65 GRM on Current Rents
  • Attractive Unit Mix: (2) 3BD/2BA, (1) 1BD/1BA+Den, (2) Studio
  • All Units Renovated
  • New Roofs on Multiple Buildings

OVERVIEW

The Offering 1817 Stanley Avenue is a well-located 5-unit multifamily opportunity in the highly desirable, supply-constrained enclave of Signal Hill—an independent city within Long Beach known for its favorable tax structure, strong demographics, and consistent rental demand. The property is comprised of: front two-story building with (2) studio units; rear two-story building with (2) 3BD/2BA units and a two-car garage; and (1) 1BD/1BA + Den House with a private yard. All units have been renovated with new flooring, updated kitchens with news appliances, and modern bathrooms. Capital Improvements In addition to remodels on all units, the property benefits from updated plumbing lines, new gas lines, and two new water heaters. Additionally new stairs were installed and new roofing on multiple buildings. Signal Hill Advantage Signal Hill’s fundamentals further enhance the investment profile. The city’s median household income of approximately $113,000 and homeownership rate near 50% support a stable renter base with strong purchasing power. Combined with Long Beach’s broader market dynamics—3.1% vacancy, 22.3% cumulative rent growth over the past three years, and limited new supply—the property is well-positioned for continued income growth and long-term appreciation. Situated near major freeways including the I-405, I-710, and SR-91, residents benefit from convenient access to major employment centers such as the Port of Long Beach, CSULB, and surrounding business hubs. Signal Hill’s unique combination of central location, lower operating cost structure (no utility tax or Mello-Roos), and strong quality of life continues to attract and retain tenants, reinforcing the durability of the submarket. Investment Positioning 1817 Stanley Avenue offers a well-executed asset where a majority of capital improvements and interior renovations have already been completed, allowing a new owner to step into immediate, stable cash flow. Additionally, two units may be delivered vacant upon close-of-escrow, allowing a new owner to establish rents at current market levels from day one.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$476 USD /SF

# OF UNITS

5

PRICE/UNIT

$299,000

CAP RATE

5.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

CG

APN/PARCEL ID

7216-025-022

ASK ABOUT THIS PROPERTY

Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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

Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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