1148 Stanley Avenue, Long Beach
Long Beach Home For Sale
PRICED TO SELL - 9.9X GRM AND 6.8% CAP AT MARKET RENTS. This is the building your client wants. 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 6.8% CAP and under 10 GRM. Built in 1986 the property is professionally managed and well maintained. Copper Plumbing, Onsite Parking, this property has it all. 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 Details
Additional Information
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- City:
- Long Beach
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- County:
- Los Angeles
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- Zip:
- 90804
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- MLS® #:
- 24383887
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- Bedrooms:
- 2
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- Bathrooms:
- 2
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- Square Ft:
- 6,240
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- Lot Size:
- 0.15
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- Levels:
- Multi/Split
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- Garages:
- 12
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- HOA Dues:
- $
Price Change History for 1148 Stanley Avenue, Long Beach, (MLS® #24383887)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $2,375,000) | $2,374,000 | $1,000 (0.04%) |
Based on information from California Regional Multiple Listing Service, Inc. as of August 13th, 2024 at 5:32am PDT. 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.