1086 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.49 x gross and 5.42% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 13 total spaces -- nine (9) covered garage spaces under the building and two (2) two-car garages. With a Walk Score of 87, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
Sold for $2,725,000
Listed by: Keller Williams - Santa Monica • Robert Stepp • Contact: 310-774-3740
Bought with: Keller Williams - Santa Monica
$2,725,000
1086 Stanley Ave, Long Beach, CA 90804
17beds
17baths
7,936sqft
Mixed Use
Built in 1987
-- sqft lot
$2,681,200 Zestimate®
$343/sqft
$2,300 Estimated rent
Home value
$2,681,200
$2.39M - $3.03M
$2,300/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Robert Stepp DRE #01456379 310-463-2916,
Keller Williams - Santa Monica
Bought with:
Robert Stepp, DRE #01456379
Keller Williams - Santa Monica
Source: CRMLS,MLS#: PW23229196
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 17
Appliances
- Laundry: Laundry Room
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 7,936
- Total interior livable area: 7,936 sqft
Property
Parking
- Total spaces: 13
- Parking features: Garage
- Garage spaces: 13
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 6,363 Square Feet
- Features: 6-10 Units/Acre
Details
- Parcel number: 7262003003
- Zoning: LBR2N
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Subdivision: Eastside (Es)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $343/sqft
- Date on market: 12/22/2023
- Cumulative days on market: 102 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2024 | Sold | $2,725,000$343/sqft |
Source:  CRMLS #PW23229196 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: East Side
Nearby homes
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Nearby schools
GreatSchools rating
- 3/10Willard Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Jefferson Leadership Academies SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Wilson High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$2,681,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,681,200
- California
- Los Angeles County
- Long Beach
- 90804
- East Side
- 1086 Stanley Ave
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