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1325 Stanley Ave Long Beach, CA 90804

$1,300,000 Sold Price as of 01/27/2023

4 Beds
7.5 Baths
3,904 Sq.Ft.

Sold

$1,300,000 Sold Price as of 01/27/2023 Refinance Your Mortgage

Map preview of 1325 Stanley Ave, Long Beach, CA 90804

Property Overview: 1325 Stanley Ave Long Beach, CA has 4 bedrooms, 7.5 bathrooms, 3,904 living square feet and 6,455 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in a high demand rental area and less than 1.5 miles to the golden sand of the BEACH, these 10 units have not been on the market for a generation! Laid out in two parallel rows, you have 2 1-bedrooms in the front, then behind those are 6 studios, 3 on each side, followed by two studios in the back that have an additional retreat-like space. With plenty of employment, industry and retail nearby, there is always demand for these homes. Leave the roller coaster of the stock market and own an investment where you know every month the cash is rolling in!

Listed by Martie Etheridge | BRE #00645855 | RE/MAX Select One
Co-listed by Maggie Ureno | BRE #01319367 | RE/MAX Select One

Last checked: 15 minutes ago | Last updated: January 28th, 2023 | Source CRMLS | DOM: 108

Home details

Lot Sq. Ft: 6,455
HOA Dues: $0/mo
Year built: 1923
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: OC22207908
City: Long Beach
County: Los Angeles
Time on Site: 603 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 10
Total # of Buildings: 2
# of Electric Meters: 10
# of Gas Meters: 10
# of Water Meters: 10

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $675
Total Rent: $675
Pro Forma/Market Rent: $1,350

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $795
Total Rent: $795
Pro Forma/Market Rent: $1,350

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $595
Total Rent: $595
Pro Forma/Market Rent: $1,100

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $395
Total Rent: $395
Pro Forma/Market Rent: $1,100

Unit Breakdown 5

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $540
Total Rent: $540
Pro Forma/Market Rent: $1,100

Unit Breakdown 6

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $395
Total Rent: $395
Pro Forma/Market Rent: $1,100

Unit Breakdown 7

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,100

Unit Breakdown 8

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $550
Total Rent: $550
Pro Forma/Market Rent: $1,100

Unit Breakdown 9

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $675
Total Rent: $675
Pro Forma/Market Rent: $1,200

Unit Breakdown 10

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $525
Total Rent: $525
Pro Forma/Market Rent: $1,200

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $61,740
Net Operating Income: $33,521
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $28,219
Electric: $3,303
Gas/Fuel: $0
Licenses: $799
New Taxes: $3,878
Trash: $5,000
Gardener: $440
Insurance: $339
Maintenance: $3,179
Professional Management: $0
Water/Sewer: $10,475

Property Details for 1325 Stanley Ave

Interior Features

Laundry Information

No Laundry
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Lot Information

Lot Features: Level with Street, Rectangular Lot, Level
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 10
Parcel Number: 7260023011
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Public

Location / Neighborhood

Location Information

Subdivision Name: Other (OTHR)
Other Subdivision Name: none
Directions: from Anaheim & Cherry go east, L on Stanley, buildings will be on L

Neighborhood Information

Community Features: Urban

View more facts & features

Local Long Beach Agent

Sale History for 1325 Stanley Ave

Last sold for $1,300,000 on January 27th, 2023

January, 2023
Jan 27, 2023

Date

Sold

CRMLS: OC22207908

$1,300,000

Price
Sep 23, 2022

Date

Active

CRMLS: OC22207908

$2,000,000

Price

Tax History for 1325 Stanley Ave

Assessed Value (2020): $197,213

Year	Land Value	Improved Value	Assessed Value
2020	$82,821	$114,392	$197,213

Home Value Compared to the Market

This property vs the competition

1325 Stanley Ave sold on January 27, 2023 for 150% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $512.3 per/sqft which puts the price per square foot 18.94% lower than the current median sale per square foot for the city of Long Beach.

About 1325 Stanley Ave

Detailed summary of property

1325 Stanley Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 4 bedrooms, 7.5 bathrooms, roughly 3,904 living square feet, and sits on an approximately 6,455 square foot lot. 1325 Stanley Ave was first listed on ArdentRealEstateGroup.com on September 23, 2022. The homeowner sold the property for $1,300,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 150% higher than the current median priced home. Local homes that are currently for sale include 204 Mira Mar Ave, 2221 Granada Ave and 2175 Earl Ave. While the average home in Long Beach, CA is selling in 51 days, 1325 Stanley Ave has a days on market of 108 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 1325 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 1325 Stanley Ave

Public county record property details

Beds: --
Baths: 10
Year built: 1923
Sq. Ft.: 3,904
Lot Size: 6,454
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 9
APN: 7260-023-011

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.

$594

Median Sold Price

$550,000

Median Sold Price/Sq.Ft.

$667

Total Inventory

Median Sale to List Price %

104.77%

Avg Days on Market

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.