1148 Stanley Avenue

Long Beach, CA 90804

$2,375,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $380 / sqft

1986

calendar_month Built

Property Description

8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 12.5 GRM and a 4.8% CAP with upside to a 6.4% CAP. Built in 1986 the property is professionally managed and well maintained. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. There is onsite laundry onsite. The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Email LA for more information including a current Rent Roll and actual expenses.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type None

Listing Information

Address 1148 Stanley Avenue
City Long Beach
State CA
Zip 90804
County Los Angeles
Listing Agent Jonathan Swire DRE#01336277
Courtesy Of The Agency
MLS 24383887
List Price $2,375,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 6,627
Year Built 1986
DOM 9

Exterior Information

Maps

Listing information courtesy of: Jonathan Swire, The Agency . *Based on information from the Association of REALTORS/Multiple Listing as of May 1st, 2024 at 5:43 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.