• 1148 Stanley Avenue Long Beach, CA 90804

  • $2,375,000
  • 16
    Bed(s)
  • 0
    Baths
  • 6,240
    Sq Ft
  • 6627
    Sqft
  • Listed By: Jonathan Swire, The Agency, DRE #01336277
  • Source: CRMLS

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.

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 16

Bathroom Information

Total Baths: 16

Full Baths: 0

Half Baths: 0

Cooling Features

None

Air Conditioning

Heating Source

Wall Furnace

Has Heating

Building Information

Year Built: 1986

Building Area Total: 6,240

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1521

Lot Size Dimensions: 50x133

Lot Size Source: Vendor Enhanced

Lot Size Square Feet: 6627

Listing Price Information

Original List Price: 2,375,000

Listing Contract Date: 2024-04-23

Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 7260029019

Garage and Parking

Garage Description: Assigned

Attached Garage: Yes

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 3 - Eastside, Circle Area

Directions: 8 units built in 1986 in Long Beach.

Zoning: LBR2N

Source Property Type: Residential Income

Area: 3 - Eastside, Circle Area

Building and Construction

Property Age: 38

Year Built Source: Vendor Enhanced

Total Square Feet Living: 6240

Levels or Stories: Multi/Split

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1215 Temple Avenue, Long Beach, CA,90804 $1,925,000 -- -- 4,712 6995 Sqft
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2652 2706 E 15th Street, Long Beach, CA,90804 $4,600,000 -- -- 7,440 21717 Sqft
1128 Stanley Avenue, Long Beach, CA,90804 $3,000,000 -- -- 8,245 6619 Sqft
1512 N Stanton Place, Long Beach, CA,90804 $2,200,000 -- -- 6,960 8496 Sqft
791 Coronado Avenue, Long Beach, CA,90804 $2,150,000 -- -- 5,458 4791.6 Sqft
3915 E 11th Street, Long Beach, CA,90804 $1,295,000 7 4 3,091 4796 Sqft

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ByOwner last updated this listing 05/23/2024 @ 17:28

MLS: 24383887
LISTED BY: Jonathan Swire, The Agency
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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