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Listed by Robert Stepp • Keller Williams - Santa Monica
$ 3,000,000
Est. payment /mo
Active
1128 Stanley Avenue Long Beach, CA 90804
8,245 SqFt
UPDATED:
08/31/2024 12:07 AM
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
Originating Board Datashare California Regional
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
Interior
Fireplace No
Laundry Other
Building
Water Public
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