1128 Stanley AVE Long Beach, CA 90804
Sale
$3,000,000
9 Units
3 Beds
3 Baths
8,245 Area(sq.ft.)
6,619 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 8 | 2 | 2 | No | $ 2,224 | $ 17,792 | $ 2,295 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,795 | $ 1,795 | $ 1,795 |
| 2 | 9 | 17 | 17 | $ 19,587 | $ 144,131 | $ 20,155 |
| MLS #: | PW23229200MR |
| Days On Market: | 118 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 364 |
| Price per unit: | $ 333,333 |
| Year Built: | 1987 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 68,479 |
| Net Operating Income: | $ 162,448 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBR2N |
| Land Lease Type: | Fee |
| Total Parking: | 13 |
Interior
| Laundry: | Laundry Area |
Exterior
| Pool: | No |
Detailed Map
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Income
