1086 Stanley Avenue, Long Beach, CA 90804
Property
Sold May 2024
Listing Agent: Robert Stepp (DRE #01456379) · Listing Office: Keller Williams - Santa Monica · Contact: 310-463-2916 · Bought with: Robert Stepp · Keller Williams - Santa Monica · MLS #PW23229196 · Source: CRMLS
About this property
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.
Listing description from the May 2024 sale, as reported to CRMLS.
Sale history