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1086 Stanley Avenue Long Beach, CA 90804
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Key Details
Sold Price $2,725,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 7,936 sqft
Price per Sqft $343
Subdivision Eastside
MLS Listing ID PW-23229196
Sold Date 05/15/24
Year Built 1987
Lot Size 6,363 Sqft
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.
Location
State CA
County Los Angeles
Zoning LBR2N
Interior
Laundry Individual Room
Exterior
Parking Features Gated
Garage Spaces 13.0
Pool None
Community Features Sidewalks
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
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