1335 Stanley Avenue

Long Beach, CA 90804

$2,049,000

List Price

18

bed Beds

10

shower Baths

6,810 sqft

straighten / sqft

1963

calendar_month Built

Property Description

PRICED TO SELL. 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. 10.6 GRM AND 6.3% CAP on in place rents, with upside to a 6.7% CAP. And only $301/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.

Listing Information

List Price $2,049,000
Status Active
MLS 25484309
Type Residential Income
Year Built 1963
Lot Size 6,423
Structure Size 6,810
DOM 5
Courtesy Of The Agency
Listing Agent Jonathan Swire DRE#01336277

Interior Features

Total Bedroom
Bedrooms 18
Total Bathroom
Bathrooms 10
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Jonathan Swire, The Agency 310-948-2631. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 22nd, 2025 at 1:58 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.