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Property Description

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.

Features
3
1
: Common Area
0
: Sidewalks
Additional Information
Keller Williams - Santa Monica
0
PSTEPROB
PB20859
Robert
7260029016
: Standard
13
Three Or More
25

Multi-Family For Sale

1128 Stanley Avenue, Long Beach, California 90804

8,245 Sqft
$3,000,000
Listing ID #PW23229200
Basic Details
Status : Active
DaysOnMarket : 252
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : PW23229200
Price : $3,000,000
Living Area : 8,245 Sqft
Lot Size : 6,619 Sqft
Year Built : 1987
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90804
Price Per Square Foot : $364
Subdivision : Eastside (ES)
ModificationTimestamp : 2024-08-30 09:34:03
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