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Long Beach, CA 90804 1086 Stanley Avenue

$3,025,000

Pending
1086 Stanley Avenue Long Beach, Ca - Image 11086 Stanley Avenue Long Beach, Ca - Image 21086 Stanley Avenue Long Beach, Ca - Image 3
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1086 Stanley Avenue Long Beach, Ca - Image 41086 Stanley Avenue Long Beach, Ca - Image 51086 Stanley Avenue Long Beach, Ca - Image 61086 Stanley Avenue Long Beach, Ca - Image 71086 Stanley Avenue Long Beach, Ca - Image 81086 Stanley Avenue Long Beach, Ca - Image 91086 Stanley Avenue Long Beach, Ca - Image 101086 Stanley Avenue Long Beach, Ca - Image 11
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916
  • MLS# PW23229196
  • 12/22/2023
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  • BedBeds • 16
  • BathBaths • 2
  • FootageSQFT • 7,936
  • GarageGarage • 13

Home Details

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.
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916

Interior Features for 1086 Stanley Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesLaundryRoom
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 1086 Stanley Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.42
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market102
DirectionsE 10th St
Electric Expense1667.8
Entry Location1
Fuel Expense1667.8
Garage Spaces13.0
Garage Y/NYes
Gross Income234909.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense6244.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet6363.0
MLS Area3 - Eastside, Circle Area
MaintenanceExpense4950.0
MobileHomeRemainsYNNo
Net Operating Income163870.0
New ConstructionNo
Operating Expense71040.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories1
Street NameStanley
Subdivision NameEastside (ES)
Tax Lot4
Taxes$37,709
Total Units9
Trash Expense1667.8
View Y/NNo
Water Sewer Expense1667.8
Waterfront Y/NNo
Year Built1987
Year Built SourceAssessor
ZoningLBR2N

Exterior for 1086 Stanley Avenue

Building Area Total7936.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem610UnitsAcre
Lot Size Acres0.1461
Lot Size Area6363.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking13.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,025,000
MLS#PW23229196
List Date 12/22/2023
Property Type Pending
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors