1335 Stanley Avenue, Long Beach , CA  90804 for $2,050,000 


Title of the document


Sold Date1/14/2021

1335 Stanley AvenueLong Beach, California CA90804-2335

Listing IDPW20132878

6,810 SqFt 0.148 Acres


1335 Stanley Avenue is an 8-unit multifamily investment in Long Beach, one of the fastest growing markets in Southern California. The asset is located in the popular Eastside neighborhood and boasts a Walkscore of 91, with all the amenities needed for daily living within blocks. The property is also within a 10-minute drive to high-paying professional employment opportunities in Downtown Long Beach. The building offers a mix of large (2) three-bedroom / one and a half bath units, (4) two-bedroom / one bath units and (2) one- bedroom / one bath units. There is a common laundry room as well as washer/dryer in most units. Parking is provided with four large, individually secured garages and two open parking spaces in the rear of the building. Recent capital improvements include partial plumbing and electrical upgrades, laminate wood floors, granite counter tops, new cabinets, new paint, new appliances and new water heaters. 1335 Stanley Avenue provides a new owner with the opportunity to own an improved asset in a highly popular rental market with 15.9% upside in unit rents and garage rentals. With billions of dollars in privately and publicly-funded development taking place, Long Beach is in the midst of a full-scale transformation into a premier metropolitan city, attracting an influx of new businesses, high-quality jobs and an educated, professional demographic of residents. Please note: Seller holds a California real estate broker's license.
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