$2,375,000
1148 Stanley Avenue, Long Beach 90804
2
Beds
2
Baths
6,240
Square feet
6,627
Lot Size
8
# Of Units
Listing Agent
Jonathan Swire - The Agency8 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.
Facts & Features
| MLS® # | 24383887 |
|---|---|
| Price | $2,375,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Square Footage | 6,240 |
| Lot Size | 6,627 |
| Year Built | 1986 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 8 |
Community Information
| Address | 1148 Stanley Avenue |
|---|---|
| Area | 3 - Eastside, Circle Area |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90804 |
Amenities
| Parking Spaces | 12 |
|---|---|
| Parking | Assigned |
| # of Garages | 12 |
| Garages | Assigned |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 1 |
| Stories | Multi/Split |
Additional Information
| Date Listed | April 23rd, 2024 |
|---|---|
| Days on Market | 25 |
| Zoning | LBR2N |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jonathan Swire |
|---|---|
| Office | The Agency |