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1335 Stanley Ave, Long Beach, CA 90804
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1335 Stanley Ave Long Beach, CA 90804

$2,000,000 Sold Price as of 01/14/2021
  • 16 Beds
  • 10 Baths
  • 6,810 Sq.Ft.
Sold
$2,000,000 Sold Price as of 01/14/2021 Refinance Your Mortgage
Map preview of 1335 Stanley Ave, Long Beach, CA 90804

Property Overview: 1335 Stanley Ave Long Beach, CA has 16 bedrooms, 10 bathrooms, 6,810 living square feet and 6,423 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1335 Stanley Avenue is an 8-unit multifamily investment in Long Beach, one of the fastest growing markets in Southern California. The asset is located in the popular Eastside neighborhood and boasts a Walkscore of 91, with all the amenities needed for daily living within blocks. The property is also within a 10-minute drive to high-paying professional employment opportunities in Downtown Long Beach. The building offers a mix of large (2) three-bedroom / one and a half bath units, (4) two-bedroom / one bath units and (2) one- bedroom / one bath units. There is a common laundry room as well as washer/dryer in most units. Parking is provided with four large, individually secured garages and two open parking spaces in the rear of the building. Recent capital improvements include partial plumbing and electrical upgrades, laminate wood floors, granite counter tops, new cabinets, new paint, new appliances and new water heaters. 1335 Stanley Avenue provides a new owner with the opportunity to own an improved asset in a highly popular rental market with 15.9% upside in unit rents and garage rentals. With billions of dollars in privately and publicly-funded development taking place, Long Beach is in the midst of a full-scale transformation into a premier metropolitan city, attracting an influx of new businesses, high-quality jobs and an educated, professional demographic of residents. Please note: Seller holds a California real estate broker's license.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Co-listed by Mark Witsken | BRE #01884724 | Keller Williams-Santa Monica
Last checked: 10 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 138

Home details

Lot Sq. Ft
6,423
HOA Dues
$0/mo
Year built
1963
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20132878
City
Long Beach
County
Los Angeles
Time on Site
1383 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,030
  • Total Rent: $4,060
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,716
  • Total Rent: $6,864
  • Pro Forma/Market Rent: $1,970
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $2,990
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $167,268
  • Net Operating Income: $111,879
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $47,026
  • Electric: $600
  • Gas/Fuel: $600
  • Licenses: $500
  • New Taxes: $26,256
  • Trash: $600
  • Gardener: $900
  • Insurance: $2,724
  • Maintenance: $4,000
  • Professional Management: $7,945
  • Water/Sewer: $600
  • Other Expenses: $1,400
  • Other Expense Description: Reserves

Property Details for 1335 Stanley Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area, Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage
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: 8
  • Parcel Number: 7260023010
  • 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: Eastside (ES)
  • Directions: E Anaheim St & Cherry Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 1335 Stanley Ave

Last sold for $2,000,000 on January 14th, 2021

  • January, 2021

  • Jan 15, 2021

    Date

    Sold

    CRMLS: PW20132878

    $2,000,000

    Price

  • Nov 23, 2020

    Date

    Pending

    CRMLS: PW20132878

    $2,050,000

    Price

  • Sep 25, 2020

    Date

    Price Change

    CRMLS: PW20132878

    $2,050,000

    Price

  • Jul 8, 2020

    Date

    Active

    CRMLS: PW20132878

    $2,150,000

    Price

  • January, 2021

  • Jan 14, 2021

    Date

    Sold (Public Records)

    Public Records

    $2,000,000

    Price

  • July, 2008

  • Jul 15, 2008

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

Show More

Tax History for 1335 Stanley Ave

Assessed Value (2020): $1,002,064
Year Land Value Improved Value Assessed Value
2020 $412,119 $589,945 $1,002,064

Home Value Compared to the Market

This property vs the competition

1335 Stanley Ave sold on January 14, 2021 for 156.25% 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 $301.03 per/sqft which puts the price per square foot 52.37% lower than the current median sale per square foot for the city of Long Beach.

About 1335 Stanley Ave

Detailed summary of property

1335 Stanley Ave is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 16 bedrooms, 10 bathrooms, roughly 6,810 living square feet, and sits on an approximately 6,423 square foot lot. 1335 Stanley Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $2,000,000. 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 156.25% higher than the current median priced home. Local homes that are currently for sale include 1141 E 16th St, 1102 Termino Ave and 1216 E Florida St. While the average home in Long Beach, CA is selling in 54 days, 1335 Stanley Ave has a days on market of 138 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 1335 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 1335 Stanley Ave

Public county record property details
Beds
18
Baths
10
Year built
1963
Sq. Ft.
6,810
Lot Size
6,422
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
7260-023-010

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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Homes for Sale Near 1335 Stanley Ave

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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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