1128 Stanley AVE Active

Long Beach,CA 90804

$ 3000000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW23229200

Originating Board California Regional MLS

Year Built 1987

Lot Size 6,619 Sqft

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 3 - Eastside, Circle Area

Interior

Laundry Laundry Area

Exterior

Garage Spaces 13.0

Pool None

Building

Story Three or More Stories

Water District - Public

Others

Tax ID 7260029016

Special Listing Condition Not Applicable

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