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1335 Stanley Avenue, Long Beach, CA 90804

Long Beach
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
1335 Stanley Avenue,Long Beach, CA 90804
$2,030,000
  • 18 Beds
  • 10 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: jonathan swire
Office: the agency
MLS#:25484309
Source:CRMLS

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Price summary

  • Price:$2,030,000

About this home

PRICE REDUCED TO SELL - SELLER IS MOTIVATED. 10.2 GRM AND 6.7% CAP on in place rents, with upside to a 9.3 GRM and a 7.7% CAP. 8 units located on the East Side of Long Beach - subject to AB 1482 Rent Control (5% + CPI increases). All units are in very good condition. And only $299/SF. There are 2 potential Loan Options on the property. Option 1 - The Buyer can obtain a new loan with 30% down fixed for 5 years. Option 2 - Buyer can assume the existing, fully amortized loan of $1.670.000 fixed at 3.4% until November 2026 at which point it can adjust as much as 2.00%. This option allows a Buyer to purchase this property with less than 20% down. The property has new windows, new exterior paint, new landscaping, new garage doors and is professionally managed. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). Most units have W/D hookups. There are 4 garages on the front of the property. Units have individual waters heaters. EMAIL LA FOR MORE INFO...

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Home facts

  • Year built:1963
  • Listing ID #:25484309
  • Added:421 day(s) ago
  • Updated:March 19, 2026 at 06:20 AM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:10

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1963
  • Levels:2 Story

Finances and disclosures

  • Price:$2,030,000

Parking

  • Total parking spaces:4
  • Parking description:Assigned
  • Garage:Yes
  • Garage spaces:4
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