1148 Stanley Avenue Long Beach, CA ^$ 2,375,000

1148 Stanley Avenue

^$ 2,375,000

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1148 Stanley Avenue

Long Beach, CA, 90804

^$ 2,375,000

Bedrooms16 Baths16.0 Sq 6,240

Monthly Estimate*

^$ 15,785

Listed by The Agency

1148 Stanley Avenue, Long Beach, CA 90804 - Image 1

1148 Stanley Avenue, Long Beach, CA 90804 - Image 2

1148 Stanley Avenue, Long Beach, CA 90804 - Image 3

1148 Stanley Avenue, Long Beach, CA 90804 - Image 4

1148 Stanley Avenue, Long Beach, CA 90804 - Image 5

1148 Stanley Avenue, Long Beach, CA 90804 - Image 6

1148 Stanley Avenue, Long Beach, CA 90804 - Image 7

Multi-Family Home for sale in Long Beach, CA

for $2,375,000 with 16 bedrooms and 16 full baths. This 6,240 square foot home was built in 1986 on a lot size of 0.1521.

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.

Multi-Family Active

Price

^$ 2,375,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1521

Year Built

1986

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

24383887

Days on Market

Features

General

Heating WallFurnace

Cooling None

Zoning LBR2N

Garage Spaces 12.0

Year Built 1986

Levels MultiSplit

Gross Income 196000.0

County Los Angeles

Net Operating Income 129000.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage Y

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions 8 units built in 1986 in Long Beach.

City Long Beach

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 8

MLS Area 3 - Eastside Circle Area

Lot Size Units SquareFeet

Lot Size Square Feet 6627.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Stanley

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 8

Standard Status Active

Cap Rate 4.8

Exterior

Parking Features Assigned

Total Parking 12.0

Lot Size Area 6627.0

Number of Buildings 1

Spa N

Building Area Total 6240.0

Lot Dimensions 50x133

Lot Size Acres 0.1521

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Laundry Features CommonArea

Total Bedrooms 16

Electric On Property Y/N N

Total Baths 16

Internal Only

Street Number 1 1148

* Excluded Features

List By

The Agency

Broker

(310) 948-2631

Phone

Affordability Calculator

$15,785

Per Month

Monthly Principal & Interest: $15,785
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,072,008

Percent of Sale Price 13%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/29/2024	$2,375,000		Listed Price

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1148 Stanley Avenue, Long Beach, CA, 90804 is a Multi-Family Home for sale at $2,375,000 with 6,240 sqft and a lot size of 0.1521. 1148 Stanley Avenue has 16 bedrooms, 16.0 baths, and was built in 1986. The property's zip code is 90804 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/7/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1148 Stanley Avenue

Multi-Family Home for sale in Long Beach, CA

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