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Listed by: Jonathan Swire (310) 948-2631 DRE #01336277 | The Agency (424) 230-3700
$2,295,000
16 Beds
16 Baths
6,240sqft
1148 Stanley Ave, Long Beach, CA 90804
$2,295,000
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Multi Family
Built in 1986
$-- HOA
6,627 sqft lot
$368/sq.ft
Description
PRICED TO SELL - 10X GRM AND 6.5% CAP AT MARKET RENTS for 1980's construction in Long Beach. Earn over a 8% Cash on Cash Return. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Built in 1987 the property is professionally managed and well maintained. Building was recently painted as well. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. This property is perfect for someone looking for a low management asset. It also has approx. 14% rental upside to a 10 GRM and 6.7% CAP at market rents. There is onsite laundry onsite. The e...
Continue Reading- Houzeo last checked: 48 Minutes ago
- Listing updated: May 13, 2026 at 8:03 am
- Source: California Regional MLS-CA | MLS#: 26825273
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1986
HOA Fees
-
Finished Area
6,240 sqft
Lot Size
6,627 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26825273
MLS Status
Active
Days on Market
32
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