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$3,000,000

Est. payment - /mo

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8,245 SqFt

Active

1128 Stanley AVE Long Beach, CA 90804

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:29 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 8,245 sqft

Price per Sqft $363

Subdivision Eastside (Es)

MLS Listing ID PW23229200

HOA Y/N No

Year Built 1987

Lot Size 6,621 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

Zoning LBR2N

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 13.0

Garage Description 13.0

Pool None

Community Features Sidewalks

Total Parking Spaces 13

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 7260029016

Energy Description 1036.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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