$3,000,000
1128 Stanley Avenue Long Beach, CA 90804
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,000,000
Est. payment /mo
8,245 SqFt
UPDATED:
08/30/2024 05:07 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,245 sqft
Price per Sqft $363
MLS Listing ID CRPW23229200
HOA Y/N No
Year Built 1987
Lot Size 6,619 Sqft
Acres 0.15
Property Description
1128 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.60 x gross and 5.41% 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 89, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
Location
State CA
County Los Angeles
Area Listing
Zoning LBR2
Interior
Fireplace No
Laundry Other
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7260029016
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Listed by Robert Stepp • Keller Williams - Santa Monica
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