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1332 Stanley Ave Long Beach, CA 90804

$1,350,000 Sold Price as of 05/17/2022

8 Beds
4 Baths
3,440 Sq.Ft.

Sold

$1,350,000 Sold Price as of 05/17/2022 Refinance Your Mortgage

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Map preview of 1332 Stanley Ave, Long Beach, CA 90804

Property Overview: 1332 Stanley Ave Long Beach, CA has 8 bedrooms, 4 bathrooms, 3,440 living square feet and 6,101 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Wydown Partners, Inc. is pleased to present 1332-1338 Stanley Ave, a pristine, true turnkey 4-unit apartment building for sale. The property is located in the broader Eastisde neighborhood of Long Beach and is a fantastic, unique to the market investment opportunity. Stanley Ave. features four updated 2-bedroom units, each with their own washer/dryer and multiple parking spaces. In 2019 and 2021, the building underwent an extensive and thorough renovation. The renovation features everything from plumbing, electrical, and gas to windows, landscaping, and security. There is also potential for an investor to add an ADU (to be verified).The project has been well received in the market. Professional management has heavily screened all new tenants while leasing each unit with full security deposits. Tenants enjoy this central location that allows for easy freeway access for those commuting to LA or Orange County. Vibrant, rapidly growing downtown Long Beach and the famed 2nd Street are both just a few minutes away. Numerous public transportation routes, including the Metro Blue Line, are also within easy walking distance.

Listed by Matthew Levis | BRE #01900634 | Wydown Partners Inc.
Co-listed by John Levis | BRE #01886278 | Wydown Partners Inc.

Last checked: 3 minutes ago | Last updated: May 17th, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft: 6,101
HOA Dues: $0/mo
Year built: 1923
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 22141975
City: Long Beach
County: Los Angeles
Time on Site: 778 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 4
# of Beds: 2
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,995
Total Rent: $7,980
Pro Forma/Market Rent: $8,380

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 15.14
Gross Scheduled Income: --
Net Operating Income: $61,699
Gross Operating Income: $95,760

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 1332 Stanley Ave

Interior Features

Cooling Information

No Cooling
None

Heating Information

Has Heating
Wall Furnace

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 8
Has Parking
Parking Features: Assigned

Lot Information

Lot Size Source: Assessor

Property Information

Total # of Units: 4
Parcel Number: 7260024016
Property Condition: Updated/Remodeled

Location / Neighborhood

Location Information

Directions: Stanley Ave just north of Anaheim St

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Local Long Beach Agent

Sale History for 1332 Stanley Ave

Last sold for $1,350,000 on May 17th, 2022

May, 2022
May 17, 2022

Date

Sold

CRMLS: 22141975

$1,350,000

Price
Mar 31, 2022

Date

Active

CRMLS: 22141975

$1,450,000

Price
December, 2019
Dec 30, 2019

Date

Sold (Public Records)

Public Records

--

Price
December, 2019
Dec 24, 2019

Date

Sold (Public Records)

Public Records

--

Price
January, 2019
Jan 28, 2019

Date

Sold

CRMLS: PW18284067

$890,000

Price
Dec 18, 2018

Date

Pending

CRMLS: PW18284067

$999,000

Price
Dec 2, 2018

Date

Active

CRMLS: PW18284067

$999,000

Price
Listing provided courtesy of CRMLS

This is a great 4 plex in Old Zaferia Neighborhood Association. Light terra cotta colored stucco walls with sage/mint green trim. 5 garages plus 5 extra parking spaces behind the building.. Each unit is 860 square feet approximately. Separate laundry room in each unit. Washer and Dryers for 3 units come with sale. Large Kitchens, large living room. Smaller Bathroom some with original tiles. closets in both bedrooms, and an additional space by the staircases. Well maintained, and great tenants who pay rent on time. Front yard is bricked for easy maintenance. Newer roof and building has been sealed against moisture intrusion. Lots of new plumbing for all the units. Owner has really put effort into this building, so upward rental income is possible. We kept the rents lower just to select good people and have low vacancy rates. Shared driveway with adjacent building keeps the back of the properties more secure. Old Zaferia is a nice neighborhood with great people. The business association has meetings every month at Joe Jost's bar on the corner of Temple and Anaheim. Incredible upward potential in this affordable neighborhood.

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November, 2018
Nov 19, 2018

Date

Canceled

CRMLS: PW18200096

$1,289,000

Price
Nov 9, 2018

Date

Active

CRMLS: PW18200096

$1,289,000

Price
Oct 22, 2018

Date

Pending

CRMLS: PW18200096

$1,289,000

Price
Oct 4, 2018

Date

Price Change

CRMLS: PW18200096

$1,289,000

Price
Sep 6, 2018

Date

Price Change

CRMLS: PW18200096

$1,299,000

Price
Aug 16, 2018

Date

Active

CRMLS: PW18200096

$1,399,000

Price
Listing provided courtesy of CRMLS

This is a classic spanish four plex, with front and back entrances. 5 garages in back ( Large ) with extra parking spaces in front of each. Large 2 bedroom units, with large kitchens and high ceilings. All repainted, pergo flooring or carpet clean, Faux plantation blinds throughout. One water heater for the whole building in back. Newer roof. newly repaint on exterior and on all interiors. Great location in the heart of Old Zaferia. Well maintained building and grounds. Comes with refers, stoves, and stackable washer and dryers. sealed the exterior stucco, and painted with elastomeric paint. Sealed newer roof. replaced majority of plumbing in building and sewer lines.

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Tax History for 1332 Stanley Ave

Assessed Value (2020): $907,800

Year	Land Value	Improved Value	Assessed Value
2020	$510,000	$397,800	$907,800

Home Value Compared to the Market

This property vs the competition

1332 Stanley Ave sold on May 17, 2022 for 81.25% 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 $421.51 per/sqft which puts the price per square foot 33.31% lower than the current median sale per square foot for the city of Long Beach.

About 1332 Stanley Ave

Detailed summary of property

1332 Stanley Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,440 living square feet, and sits on an approximately 6,101 square foot lot. 1332 Stanley Ave was first listed on ArdentRealEstateGroup.com on March 31, 2022. The homeowner sold the property for $1,350,000. 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 81.25% higher than the current median priced home. Local homes that are currently for sale include 1000 E 10th St, 1033 Prospect Ave and 1967 Atlantic Ave. While the average home in Long Beach, CA is selling in 51 days, 1332 Stanley Ave has a days on market of 20 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 1332 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 1332 Stanley Ave

Public county record property details

Beds: 8
Baths: 4
Year built: 1923
Sq. Ft.: 3,440
Lot Size: 6,100
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 67
APN: 7260-024-016

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.

$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.