• Asking Price $2,374,000
  • Estimated Value: $2,385,573

  • 1148 STANLEY AVE LONG BEACH, CA 90804

  • 16 Beds 1.6 Baths 6,240 SqFt
  • Townhouse or Condo / Resale (MLS)
1 of 8

Property Details for 1148 STANLEY AVE, LONG BEACH, CA 90804

Features

  • Price/sqft: $380
  • Lot Size: 0.1521 acres
  • Total Units: 8
  • Total Rooms: 5
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • Stories: 100
  • Roof Type: GABLE
  • Heating: 24
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1986
  • Property ID: 879351683
  • MLS Number: 24383887
  • Parcel Number: 7260-029-019
  • Property Type: Townhouse or Condo
  • County: Los Angeles
  • Legal Description: ZOCOLO PARK TRACT LOT/SEC 17 BLK/DIV/TWN B
  • Zoning: LBR2N
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.

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Property Brokerage: The Agency 331 Foothill Rd. #100 Beverly Hills CA 90210
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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