Long Beach, CA 90804 1335 Stanley Avenue
$2,039,000
4 more
Presented By: Jonathan Swire with The Agency;
Beds • 18
Baths • 10
SQFT • 6,810
Garage • 4
Year Built • 1963
Home Details
PRICE REDUCED TO SELL - SELLER IS MOTIVATED. 10.5 GRM AND 6.3% CAP on in place rents, with upside to a 9.3 GRM and a 7.6% CAP. 8 units located on the East Side of Long Beach - subject to AB 1482 Rent Control (5% + CPI increases). All units are in very good condition. And only $299/SF. The property has new windows, new exterior paint, new landscaping, new garage doors and is professionally managed. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). Most units have W/D hookups. There are 4 garages on the front of the property. Units have individual waters heaters. EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND SETUP.
Presented By: Jonathan Swire with The Agency;
Interior Features for 1335 Stanley Avenue
Bedrooms
Total Bedrooms18
Bathrooms
Half Baths0
Total Baths10
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 1335 Stanley Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.3
Carport Y/NNo
CityLong Beach
CoolingNone
CountyLos Angeles
Directions8 units on the East Side of Long Beach.
Electric On Property Y/NNo
Full Baths
Garage Spaces4.0
Garage Y/NYes
Gross Income193000.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet6423.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MobileHomeRemainsYNNo
Net Operating Income130000.0
New ConstructionNo
Number Of Units Total8
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Year Built1963
ZoningLBR2N
Exterior for 1335 Stanley Avenue
Building Area Total6810.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1475
Lot Size Area6423.0
Number of Buildings8
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking4.0
WaterfrontY/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
