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(310)918-5027
Real Estate Company
1086 Stanley Avenue, Long Beach, CA 90804
- $2,725,000
- Sold Price
- $2,725,000
- List Price
- $3,025,000
- Closing Date
- May 15, 2024
- Status
- CLOSED
- MLS#
- PW23229196
- Year Built
- 1987
- Lot Size
- 6,363
- Acres
- 0.15
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 102
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- One Level
- Neighborhood
- Eastside (Es)
Property Description
1086 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.49 x gross and 5.42% 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 87, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 13
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 9
- Gross Scheduled Income
- $242,175
- Operating Expense
- 71040
Listing courtesy of Listing Agent: Robert Stepp (rstepp@steppcommercial.com) from Listing Office: Keller Williams - Santa Monica.
Listing sold by Robert Stepp from Keller Williams - Santa Monica
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.