1335 Stanley ave, Long Beach, CA 90804
Active
$2,039,000
0%
8 Units
18 Beds
10 Baths
6,810 Area(sq.ft.)
Lot: 6,423 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 2 | 1 | 1 | No | $ 1,695 | $ 1,695 | $ 1,695 |
| Unit 2 | 4 | 2 | 1 | No | $ 1,995 | $ 1,995 | $ 1,995 |
| Unit 3 | 2 | 3 | 1.50 | No | $ 2,395 | $ 2,395 | $ 2,395 |
| 8 | 16 | 10 | $ 16,160 | $ 16,160 | $ 16,160 |
| MLS #: | 25-484309 |
| Days On Market: | 333 |
| Listing Date: | January 16, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 299 |
| Price per unit: | $ 254,875 |
| Year Built: | 1963 |
Property 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.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 193,000 |
| Total Annual Expense: | $ 57,000 |
| Net Operating Income: | $ 130,000 |
| Gross Annual Income: | $ 193,000 |
| Cap Rate: | 6.3% |
| Gross Rent Multiplier: | 10.50 |
Structure
| Type of Units: | Income |
| Buildings: | 8 |
| Levels: | Two |
Land & Parking
| Zoning: | LBR2N |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | Wall |
Exterior
Detailed Map
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Income
