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Long Beach, CA 90804 1600 Stanley Avenue

$950,000

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Presented By: John Stiegler II with Lyon Stahl Investment Real Estate, Inc.; 310-447-2213
  • MLS# SB24082999
  • 04/26/2024
  • Request Tour
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  • BedBeds • 2
  • BathBaths • 1
  • FootageSQFT • 3,584

Home Details

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.
Presented By: John Stiegler II with Lyon Stahl Investment Real Estate, Inc.; 310-447-2213

Interior Features for 1600 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 FeaturesCommonArea
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 1600 Stanley Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Sidewalks, Urban
CountyLos Angeles
Days on Market1
DirectionsTake the 405 S toward Long Beach. Turn left onto E Pacific Coast Highway. Turn left onto Stanley Ave.
Electric Expense1200.0
Entry Locationfront
Fuel Expense1200.0
Garage Spaces0.0
Garage Y/NNo
Gross Income49004.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4301.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet6610.0
MLS Area3 - Eastside, Circle Area
MaintenanceExpense2021.0
MobileHomeRemainsYNNo
Net Operating Income26008.0
New ConstructionNo
Open Parking Spaces8.0
Operating Expense22997.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameStanley
Subdivision NameEastside (ES)
Tax Lot16
Taxes$11,875
Total Units4
Trash Expense600.0
View Y/NNo
Water Sewer Expense600.0
Waterfront Y/NNo
Year Built1971
Year Built SourceAssessor

Exterior for 1600 Stanley Avenue

Building Area Total3584.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1517
Lot Size Area6610.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $950,000
MLS#SB24082999
List Date 04/26/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors