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Listed by: Michelle Scales (714) 264-1173 DRE #00952161 | College Park Realty, Inc (562) 594-6753
$1,575,000
10 Beds
- 6 Baths
5,222sqft
1043 Stanley Ave, Long Beach, CA 90804
$1,575,000
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Quadruplex
Built in 1929
$-- HOA
6,524 sqft lot
$302/sq.ft
Description
Exceptional Long Beach income property generating $136,020. in current annual rents. Property features two residential buildings with four 2BR/1BA residences plus a spacious rear 2BR/2BA residence above the garages. There are 5 garages. 100% occupancy and strong existing income, with substantial value. ADU potential under current CA and Long Beach regulations. Excellent opportunity for an investor seeking immediate income with additional long term upside. Property shows as a 4 unit on tax records. Owner divided a 6 bedroom 2 bath unit into 2 - 2 bedroom 1 bath units without permits.
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1929
HOA Fees
-
Finished Area
5,222 sqft
Lot Size
6,524 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
RS26165029
MLS Status
Active
Days on Market
26
Cumulative Days on Market
20
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