1144 Stanley Avenue, Long Beach, CA, US, 90804
1144 Stanley Avenue, Long Beach, CA, US, 90804Basics
- Date added: Added 1日 ago
- Category: ResidentialIncome
- Type: Townhouse
- Status: Active
- Floors: 2, 2
- Lot size: 6617, 6617 sq ft
- Year built: 1972
- Property Condition: UpdatedRemodeled
- View: Neighborhood
- County: Los Angeles
- MLS ID: OC25058726
Description
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Description:
An Incredibly Rare Offering in the City of Long Beach — Fully remodeled in 2024, this 4-unit townhouse-style property presents a high-performing investment with 8 Total on-site Parking Spaces (2 spaces for Each Unit), 300 sqft private backyard for Each Unit, and a strong current Cap Rate of 5.30%, with pro forma potential of 5.70%.
All 4-units are identical in layout and finishes, each offering: 3 Bedrooms / 2 Bathrooms, Approx. 1,150 sqft of living space, A/C & heating, washer/dryer hookups, quartz countertops, modern cabinetry, vinyl flooring, recessed lighting, new appliances.
The property is separately metered for gas and electricity, with tenants responsible for all utilities, ensuring low operating expenses and ease of management.
Located in a highly desirable Long Beach neighborhood, each unit has been thoughtfully designed for modern living and long-term durability—making this an ideal turnkey investment.
Perfect for investors seeking immediate cash flow and strong long-term upside. Don’t miss this rare, high-performing asset in the heart of Long Beach.
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Location
- Directions: East Anaheim St / Cherry Ave
- Lot Size Acres: 0.1519 acres
Building Details
- Water Source: Public
- Open Parking Spaces: 8
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: TwoCommonWallsOrMore
- Garage Spaces: 0
- Levels: Two
- Number Of Buildings: 1
- Floor covering: Vinyl
Amenities & Features
- Pool Features: None
- Parking Features: Uncovered
- Security Features: CarbonMonoxideDetectors,SmokeDetectors
- Parking Total: 8
- Cooling: Ductless
- Fireplace Features: None
- Heating: Ductless
- Interior Features: QuartzCounters,RecessedLighting,AllBedroomsUp
- Laundry Features: WasherHookup,GasDryerHookup
- Appliances: GasRange,RangeHood
Expenses, Fees & Taxes
- Trash Expense: 0
- New Taxes Expense: $24,150
- Maintenance Expense: $4,662
- Insurance Expense: $4,000
- Water Sewer Expense: 0
Miscellaneous
- List Office Name: Real Broker
- Listing Terms: Cash,CashToNewLoan,Conventional,Exchange1031
- Common Interest: None
- Community Features: Sidewalks