1335 Stanley Avenue, Long Beach, CA 90804

Local realty services provided by:ERA Carlile Realty Group
1335 Stanley Avenue,Long Beach, CA 90804
$2,038,000
  • 18 Beds
  • 10 Baths
  • 6,810 sq. ft.
  • Multi-family
  • Pending
Listed by: jonathan swire
Office: the agency
MLS#:25484309
Source:CRMLS

Price summary

  • Price:$2,038,000
  • Price per sq. ft.:$299.27

About this home

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 windows, new exterior paint, new landscaping, new garage doors and is professionally managed. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). Most units have W/D hookups. There are 4 garages on the front of the property. Units have individual waters heaters. EMAIL LA FOR MORE INFO

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Home facts

  • Year built:1963
  • Listing ID #:25484309
  • Added:302 day(s) ago
  • Updated:November 20, 2025 at 08:43 AM

Rooms and interior

  • Bedrooms:18
  • Total bathrooms:10
  • Living area:6,810 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1963
  • Building area:6,810 sq. ft.
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$2,038,000
  • Price per sq. ft.:$299.27
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