We are pleased to present this great Value Add opportunity located at 1600 Stanley Ave in Long Beach. This 4 unit apartment building consists of (4) 2-Bedroom, 1-Bathroom townhome style units that are roughly 900 sqft for each. Built in 1971, there is a total of 3,584 sqft of livable space, situated on a large 6,610 sqft lot. Tenants pay their own electricity and gas, which are separately metered for each unit. property has a back parking lot that offers 6 parking spots as well as tandem parking spaces. All units are long term tenants that are month to month. Possibility to build (2) detach ADU 1,200 Sqft each on this property – Buyer to verify. With over 100% in rental income upside, this is a perfect opportunity for a value-add investor.
Sold for $1,035,000
Listed by: Lyon Stahl Investment Real Estate, Inc. • John Stiegler II • Contact: 310-425-9838
Bought with: Lyon Stahl Investment Real Estate, Inc.
$1,035,000
1600 Stanley Ave, Long Beach, CA 90804
8beds
4baths
3,584sqft
Quadruplex
Built in 1971
-- sqft lot
$1,153,500 Zestimate®
$289/sqft
$2,533 Estimated rent
Home value
$1,153,500
$1.04M - $1.28M
$2,533/mo
Zestimate® history
Owner options
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$2,533/mo
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$2,533/mo
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$6,651/mo
Est. payment
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$6,651/mo
Est. payment
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Back parking lotTandem parking spaces
Zillow last checked:
Listing updated:
Listed by:
John Stiegler II DRE #01981597 310-447-2213,
Lyon Stahl Investment Real Estate, Inc.,
Stephen Takahashi DRE #01944770 310-403-9145,
Lyon Stahl Investment Real Estate, Inc.
Bought with:
John 'Jack' McCann, DRE #01963932
Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS,MLS#: SB24082999
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,584
- Total interior livable area: 3,584 sqft
Property
Parking
- Total spaces: 8
- Uncovered spaces: 8
Features
- Entry location: front
- Pool features: None
Lot
- Size: 6,610 Square Feet
- Features: Rectangular Lot
Details
- Parcel number: 7260011037
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks, Urban
- Subdivision: Eastside (Es)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $289/sqft
- Tax assessed value: $1,055,700
- Annual tax amount: $14,412
- Date on market: 4/26/2024
- Cumulative days on market: 12 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2024 | Sold | $1,035,000+8.9%$289/sqft |
Source:  CRMLS #SB24082999 Report a problem | ||
| 5/10/2024 | Pending sale | $950,000$265/sqft |
Source: CRMLS #SB24082999 Report a problem | ||
| 4/26/2024 | Listed for sale | $950,000$265/sqft |
Source: CRMLS #SB24082999 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,412 -1.3% | $1,055,700 -4.2% |
| 2024 | $14,608 +96.5% | $1,101,600 +110.6% |
| 2023 | $7,432 +6.2% | $523,053 +2% |
| 2022 | $6,996 +2.3% | $512,798 +2% |
| 2021 | $6,838 +0.3% | $502,745 +1% |
| 2020 | $6,819 | $497,590 +2% |
| 2019 | $6,819 +5.4% | $487,834 +2% |
| 2018 | $6,471 | $478,269 +2% |
| 2017 | $6,471 +1.1% | $468,892 +2% |
| 2016 | $6,403 +7.7% | $459,699 +1.5% |
| 2015 | $5,944 +4.4% | $452,794 +2% |
| 2014 | $5,693 | $443,926 +2.5% |
| 2012 | -- | $433,256 +2% |
| 2011 | -- | $424,761 +0.8% |
| 2010 | -- | $421,588 -0.2% |
| 2009 | -- | $422,590 +2% |
| 2008 | -- | $414,305 +2% |
| 2007 | -- | $406,182 +2% |
| 2006 | -- | $398,219 |
| 2005 | -- | $398,219 +4% |
| 2004 | -- | $382,757 +9% |
| 2003 | -- | $351,000 +21% |
| 2002 | -- | $290,000 +5.5% |
| 2000 | -- | $275,000 |
Find assessor info on the county website
Neighborhood: Zaferia
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Nearby schools
GreatSchools rating
- 6/10Lee Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10Jefferson Leadership Academies SchoolGrades: 6-8Distance: 1.1 mi
- 6/10Wilson High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$1,153,500
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
$1,153,500
- California
- Los Angeles County
- Long Beach
- 90804
- Zaferia
- 1600 Stanley Ave
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