49
See all 49 photos
$2,045,000
Est. payment /mo
12 Beds
8 Baths
Active
1144 Stanley Avenue Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25058726
Bedrooms 12
Property Sub-Type Res Income 2-4 Units
Property Description
An Incredibly Rare Offering in the City of Long Beach Fully remodeled in 2024, this 4-unit townhouse-style property presents a high-performing investment with 8 Total on-site Parking Spaces (2 spaces for Each Unit), 300 sqft private backyard for Each Unit, and a strong current Cap Rate of 5.30%, with pro forma potential of 5.70%. All 4-units are identical in layout and finishes, each offering: 3 Bedrooms / 2 Bathrooms, Approx. 1,150 sqft of living space, A/C & heating, washer/dryer hookups, quartz countertops, modern cabinetry, vinyl flooring, recessed lighting, new appliances. The property is separately metered for gas and electricity, with tenants responsible for all utilities, ensuring low operating expenses and ease of management. Located in a highly desirable Long Beach neighborhood, each unit has been thoughtfully designed for modern living and long-term durabilitymaking this an ideal turnkey investment. Perfect for investors seeking immediate cash flow and strong long-term upside. Dont miss this rare, high-performing asset in the heart of Long Beach.
Location
State CA
County Los Angeles
Zoning Assessor
Direction East Anaheim St / Cherry Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7260029018
Listed by Nhi Phan Real Broker