1128 Stanley, Long Beach, CA 90804
- $3,000,000
- List Price
- $3,000,000
- Status
- ACTIVE
- MLS#
- IV26048033
- Year Built
- 1987
- Lot Size
- 6,620
- Acres
- 0.15
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 145
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Neighborhood
- Eastside (Es)
Property Description
Nine-unit multifamily property located in the Eastside area of Long Beach just north of Pacific Coast Highway near the Traffic Circle. Built in 1987, the property consists of one two-story building on an approximately 0.15-acre lot and features a strong unit mix of eight 2-bedroom/2-bath units and one 1-bedroom/1-bath unit. Several units have been updated with renovated interiors and newer appliances, providing a clean, well-maintained asset with solid in-place income and potential for additional rental growth. Gas and electricity are separately metered and paid by tenants. Conveniently located near major retail corridors, transportation routes, Downtown Long Beach, and coastal amenities including Alamitos Beach.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 9
- Gross Scheduled Income
- $236,076
- Operating Expense
- 76229
Listing courtesy of Listing Agent: DARREN CORREA (darren.correa@leinvestmentgroup.com) from Listing Office: LE INVESTMENT GROUP.
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