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1365 Stanley Ave, Long Beach, CA 90804
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1365 Stanley Ave Long Beach, CA 90804

$1,400,000 Sold Price as of 07/18/2023
  • 8 Beds
  • 4 Baths
  • 4,896 Sq.Ft.
Sold
$1,400,000 Sold Price as of 07/18/2023 Refinance Your Mortgage
Map preview of 1365 Stanley Ave, Long Beach, CA 90804

Property Overview: 1365 Stanley Ave Long Beach, CA has 8 bedrooms, 4 bathrooms, 4,896 living square feet and 6,449 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present this pride of ownership 4-unit apartment complex located at 1365 Stanley Ave in the Zaferia neighborhood, which is undergoing extensive improvements and gentrification. This very large well-maintained 4,896 Sq Ft building is situated on a 6,449 SqFt lot. This property consists of (4) 2-bed/1-bath units roughly 1,200 SqFt each, including four detached garages accessed from the back alley with potential for ADU additions (buyer to verify). In 2020 apartment A (ground floor) has gone through a complete renovation, while keeping the historical charm and character. Other recent upgrades in 2023 include newer 12 year old roof inspected, and preventative maintenance conducted with high quality silicone roof coating applied by Barlett Roofing, new paint on the entire exterior of building and trim, and some new windows have been replaced. This property has low maintenance landscaping that is serviced bi-monthly. The City of Long Beach conducted an inspection of the property in April of 2023 as part of a new Proactive Rental Housing Inspection Program (PRHIP). All building, and sanitation code/ordinance standards met/exceeded. Don’t wait as this great opportunity will not last for long.

Listed by John Stiegler II | BRE #01981597 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 14 minutes ago | Last updated: July 24th, 2023 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
6,449
HOA Dues
$0/mo
Year built
1928
Garage
4 Car
Property Type:
Fourplex
Status
Sold
MLS#
SB23091471
City
Long Beach
County
Los Angeles
Time on Site
334 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,520
  • Total Rent: $1,520
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,680
  • Total Rent: $1,680
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,737
  • Total Rent: $1,737
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $2,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.52%
  • Gross Rent Multiplier: 17.28
  • Gross Scheduled Income: $78,144
  • Net Operating Income: $47,572
  • Gross Operating Income: $75,800
  • Vacancy Allowance: $2,344
Annual Expense Breakdown
  • Total Operating Expense: $28,228
  • Electric: $900
  • Gas/Fuel: $900
  • New Taxes: $16,875
  • Trash: $900
  • Gardener: $1,200
  • Insurance: $3,427
  • Maintenance: $3,126
  • Water/Sewer: $900

Property Details for 1365 Stanley Ave

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
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: 4
  • Has Parking
  • Parking Features: Garage Faces Rear
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7260023006
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: On Stanley Ave, Between E 14th St and E Anaheim St
Neighborhood Information
  • Community Features: Sidewalks, Suburban, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1365 Stanley Ave

Last sold for $1,400,000 on July 18th, 2023

  • July, 2023

  • Jul 18, 2023

    Date

    Sold

    CRMLS: SB23091471

    $1,400,000

    Price

  • May 30, 2023

    Date

    Active

    CRMLS: SB23091471

    $1,350,000

    Price

  • September, 2013

  • Sep 13, 2013

    Date

    Sold (Public Records)

    Public Records

    $689,000

    Price

Show More

Tax History for 1365 Stanley Ave

Assessed Value (2020): $772,292
Year Land Value Improved Value Assessed Value
2020 $336,267 $436,025 $772,292

Home Value Compared to the Market

This property vs the competition

1365 Stanley Ave sold on July 18, 2023 for 68.75% 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 $275.74 per/sqft which puts the price per square foot 56.37% lower than the current median sale per square foot for the city of Long Beach.

About 1365 Stanley Ave

Detailed summary of property

1365 Stanley Ave is a fourplex that recently sold in Long Beach, CA 90804. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 4,896 living square feet, and sits on an approximately 6,449 square foot lot. 1365 Stanley Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $1,400,000. 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 68.75% higher than the current median priced home. Local homes that are currently for sale include 1033 Prospect Ave, 4110 E Vermont St and 1967 Atlantic Ave. While the average home in Long Beach, CA is selling in 54 days, 1365 Stanley Ave has a days on market of 11 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 1365 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 1365 Stanley Ave

Public county record property details
Beds
8
Baths
4
Year built
1928
Sq. Ft.
4,896
Lot Size
6,448
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7260-023-006

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%)

Thinking of Selling?

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(714) 706-1823

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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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