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Listed by: Jonathan Swire (310) 948-2631 DRE #01336277 | The Agency (424) 230-3700
$2,038,000
18 Beds
10 Baths
6,810sqft
1335 Stanley Ave, Long Beach, CA 90804
$2,038,000
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Multi Family
Built in 1963
$-- HOA
6,423 sqft lot
$299/sq.ft
Description
PRICE REDUCED TO SELL - SELLER IS MOTIVATED. 10.2 GRM AND 6.7% CAP on in place rents, with upside to a 9.3 GRM and a 7.7% CAP. 8 units located on the East Side of Long Beach - subject to AB 1482 Rent Control (5% + CPI increases). All units are in very good condition. And only $299/SF. There are 2 potential Loan Options on the property. Option 1 - The Buyer can obtain a new loan with 30% down fixed for 5 years. Option 2 - Buyer can assume the existing, fully amortized loan of $1.670.000 fixed at 3.4% until November 2026 at which point it can adjust as much as 2.00%. This option allows a Buyer to purchase this property with less than 20% down. The property has new windo...
Continue Reading- Houzeo last checked: 54 Minutes ago
- Listing updated: November 7, 2025 at 3:34 am
- Source: California Regional MLS-CA | MLS#: 25484309
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1963
HOA Fees
-
Finished Area
6,810 sqft
Lot Size
6,423 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25484309
MLS Status
Pending
Days on Market
337
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