$ 2,038,000
-
$2,038,000
Price -
18
Bed -
10
Bath -
6,810
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing X79013 - X52994
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 INCLUDING A CURRENT RENT ROLL AND SETUP.
Listing Highlights for 1335 Stanley Ave
Status
Active
Days on Site
236
Property Type
Multi-Family
MLS ®
25-484309
Year Built
1963
Total Square Footage
6,810
Lot/Acreage
0.15
County
Los Angeles
Interior Details
- Bedrooms: 18
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating: Wall
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: 4 car
- Parking Spaces: 4
- Zoning: LBR2N
- Roof:
- Others:
- Sewer:
- Parking Features: Assigned
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7260-023-010
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1335 Stanley Ave Long Beach, CA 90804
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