Long Beach, CA 90804 1144 Stanley Avenue
$2,095,000
44 more
Presented By: Nhi Phan with Real Broker;
Beds • 3
Baths • 2
SQFT • 4,600
Year Built • 1972
Home Details
An Incredibly Rare Offering in the City of Long Beach — Fully remodeled in 2024, this 4-unit townhouse-style property presents a high-performing investment with 8 Total on-site Parking Spaces (2 spaces for Each Unit), 300 sqft private backyard for Each Unit, and a strong current Cap Rate of 5.30%, with pro forma potential of 5.70%.
All 4-units are identical in layout and finishes, each offering: 3 Bedrooms / 2 Bathrooms, Approx. 1,150 sqft of living space, A/C & heating, washer/dryer hookups, quartz countertops, modern cabinetry, vinyl flooring, recessed lighting, new appliances.
The property is separately metered for gas and electricity, with tenants responsible for all utilities, ensuring low operating expenses and ease of management.
Located in a highly desirable Long Beach neighborhood, each unit has been thoughtfully designed for modern living and long-term durability—making this an ideal turnkey investment.
Perfect for investors seeking immediate cash flow and strong long-term upside. Don’t miss this rare, high-performing asset in the heart of Long Beach.
Presented By: Nhi Phan with Real Broker;
Interior Features for 1144 Stanley Avenue
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Interior AmenitiesQuartzCounters, RecessedLighting, AllBedroomsUp
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories2
Other Rooms
Entry Level1
General for 1144 Stanley Avenue
Additional Parcels Y/NNo
AppliancesGasRange, RangeHood
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces0.0
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
ContingencyNone
CoolingDuctless
CountyLos Angeles
DirectionsEast Anaheim St / Cherry Ave
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income155400.0
HOANo
HeatingDuctless
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet6617.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense4662.0
MobileHomeRemainsYNNo
Net Operating Income111710.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces8.0
Operating Expense43690.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalTownhouse
Property SubtypeTownhouse
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot16
Taxes$24,150
Tenant PaysElectricity, Gas, Water
Total Actual Rent12950.0
Trash Expense0.0
ViewNeighborhood
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1972
Year Built SourceAssessor
Exterior for 1144 Stanley Avenue
Building Area Total4600.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1519
Lot Size Area6617.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesUncovered
Private PoolNo
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Keegan Cin
Team Lead
Price
$2,095,000
MLS#OC25058726
List Date
04/16/2025
Property Type
Multi-Family
Phone
(310) 963-5595
