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1128 Stanley Ave, Long Beach, CA 90804
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1128 Stanley Ave Long Beach, CA 90804

$3,000,000
  • 17 Beds
  • 17 Baths
  • 8,245 Sq.Ft.
For Sale
$3,000,000 Get Pre-Qualified
Map preview of 1128 Stanley Ave, Long Beach, CA 90804

Property Overview: 1128 Stanley Ave Long Beach, CA has 17 bedrooms, 17 bathrooms, 8,245 living square feet and 6,619 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 2 minutes ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 131
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Home details

Lot Sq. Ft
6,619
HOA Dues
$0/mo
Year built
1987
Garage
13 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW23229200
City
Long Beach
County
Los Angeles
Time on Site
135 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,224
  • Total Rent: $17,792
  • Pro Forma/Market Rent: $2,295
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,795
  • Total Rent: $1,795
  • Pro Forma/Market Rent: $1,795
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $238,069
  • Net Operating Income: $162,448
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $68,479
  • Electric: $1,036
  • Gas/Fuel: $1,036
  • Licenses: $1,500
  • New Taxes: $37,453
  • Trash: $1,036
  • Gardener: $945
  • Insurance: $6,230
  • Maintenance: $4,950
  • Professional Management: $10,392
  • Water/Sewer: $1,036
  • Other Expenses: $1,800
  • Other Expense Description: Reserves

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Property Details for 1128 Stanley Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 13
  • # of Parking Spaces: 13
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 7260029016
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: E Anaheim Ave
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1128 Stanley Ave

Last sold for $2,610,000 on October 25th, 2018

  • December, 2023

  • Dec 22, 2023

    Date

    Active

    CRMLS: PW23229200

    $3,000,000

    Price

  • September, 2019

  • Sep 9, 2019

    Date

    Canceled

    CRMLS: PW18119856

    $2,650,000

    Price

  • Jun 8, 2018

    Date

    Withdrawn

    CRMLS: PW18119856

    $2,650,000

    Price

  • May 21, 2018

    Date

    Active

    CRMLS: PW18119856

    $2,650,000

    Price

  • Listing provided courtesy of CRMLS

    1128 Stanley Avenue is a 9-unit asset in Eastside, a highly desirable rental location in Long Beach. The 8,245 square foot property is comprised of a balcony-style building with lots of light, cathedral ceilings on the second floor, 8 two-bedroom/two-bathroom units and 1 one-bedroom/one-bathroom unit. The property also has copper plumbing throughout, on-site laundry and ample parking. This property offers investors a rare opportunity to own a value-add asset with 21.8% rental upside in a rapidly developing submarket.

  • October, 2018

  • Oct 25, 2018

    Date

    Sold (Public Records)

    Public Records

    $2,610,000

    Price

  • February, 2017

  • Feb 27, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,900,000

    Price

Show More

Tax History for 1128 Stanley Ave

Assessed Value (2020): $2,662,200
Year Land Value Improved Value Assessed Value
2020 $1,234,200 $1,428,000 $2,662,200

Home Value Compared to the Market

This property vs the competition

1128 Stanley Ave is listed 275.05% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $363.86 per/sqft which puts the price per square foot 43.5% lower than the median price per square foot for the city of Long Beach.

About 1128 Stanley Ave

Detailed summary of property

1128 Stanley Ave is a mixed use located in Long Beach, CA 90804 and is currently for sale. This mixed use property offers 17 bedrooms, 17 bathrooms, roughly 8,245 living square feet, and sits on an approximately 6,619 square foot lot. 1128 Stanley Ave was first listed on ArdentRealEstateGroup.com on December 22, 2023. The homeowner is currently asking $3,000,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 275.05% higher than the median priced home. Local competing homes currently for sale include 3312 E 2nd St, 820 Lime Ave and 1756 Pacific Ave. While the average home in Long Beach, CA is selling in 54 days, 1128 Stanley Ave has a days on market of 131 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 1128 Stanley Ave Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1128 Stanley Ave

Public county record property details
Beds
17
Baths
17
Year built
1987
Sq. Ft.
8,245
Lot Size
6,619
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
7260-029-016

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
47
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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