1600 Stanley Avenue, Long Beach, CA 90804
Fourplex
Sold June 2024
Listing Agent: John Stiegler II (DRE #01981597) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-447-2213 · Bought with: John McCann · Lyon Stahl Investment Real Estate, Inc. · MLS #SB24082999 · Source: CRMLS
About this fourplex
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.
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history