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1600 Stanley Ave, Long Beach, CA 90804
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1600 Stanley Ave Long Beach, CA 90804

$950,000
  • 8 Beds
  • 4 Baths
  • 3,584 Sq.Ft.
For Sale
$950,000 Get Pre-Qualified
Map preview of 1600 Stanley Ave, Long Beach, CA 90804

Property Overview: 1600 Stanley Ave Long Beach, CA has 8 bedrooms, 4 bathrooms, 3,584 living square feet and 6,610 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: We are pleased to present this great Value Add opportunity located at 1600 Stanley Ave in Long Beach. This 4 unit apartment building consists of (4) 2-Bedroom, 1-Bathroom townhome style units that are roughly 900 sqft for each. Built in 1971, there is a total of 3,584 sqft of livable space, situated on a large 6,610 sqft lot. Tenants pay their own electricity and gas, which are separately metered for each unit. property has a back parking lot that offers 6 parking spots as well as tandem parking spaces. All units are long term tenants that are month to month. Possibility to build (2) detach ADU 1,200 Sqft each on this property – Buyer to verify. With over 100% in rental income upside, this is a perfect opportunity for a value-add investor.

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: 16 minutes ago | Last updated: April 27th, 2024 | Source CRMLS | DOM: 9
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Home details

Lot Sq. Ft
6,610
HOA Dues
$0/mo
Year built
1971
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
SB24082999
City
Long Beach
County
Los Angeles
Time on Site
11 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: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $1,050
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,060
  • Total Rent: $1,060
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $50,520
  • Net Operating Income: $26,008
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $22,997
  • Electric: $1,200
  • Gas/Fuel: $1,200
  • New Taxes: $11,875
  • Trash: $600
  • Gardener: $1,200
  • Insurance: $4,301
  • Maintenance: $2,021
  • Water/Sewer: $600

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Property Details for 1600 Stanley Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 7260011037
  • 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: Take the 405 S toward Long Beach. Turn left onto E Pacific Coast Highway. Turn left onto Stanley Ave.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Urban
View more facts & features

Local Long Beach Agent

Sale History for 1600 Stanley Ave

View property's historical transactions

  • April, 2024

  • Apr 26, 2024

    Date

    Active

    CRMLS: SB24082999

    $950,000

    Price

Tax History for 1600 Stanley Ave

Assessed Value (2020): $497,590
Year Land Value Improved Value Assessed Value
2020 $199,035 $298,555 $497,590

Home Value Compared to the Market

This property vs the competition

1600 Stanley Ave is listed 18.9% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $645 and this home is listed at $265.07 per/sqft which puts the price per square foot 58.9% lower than the median price per square foot for the city of Long Beach.

About 1600 Stanley Ave

Detailed summary of property

1600 Stanley Ave is a fourplex located in Long Beach, CA 90804 and is currently for sale. This fourplex offers 8 bedrooms, 4 bathrooms, roughly 3,584 living square feet, and sits on an approximately 6,610 square foot lot. 1600 Stanley Ave was first listed on ArdentRealEstateGroup.com on April 26, 2024. The homeowner is currently asking $950,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $645. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 18.9% higher than the median priced home. Local competing homes currently for sale include 1731 E 3rd St, 930 E 11th St and 2185 Elm Ave. While the average home in Long Beach, CA is selling in 53 days, 1600 Stanley Ave has a days on market of 9 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1600 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 1600 Stanley Ave

Public county record property details
Beds
8
Baths
4
Year built
1971
Sq. Ft.
3,584
Lot Size
6,609
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
16
APN
7260-011-037

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
54
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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