Property listed by Lyon Stahl Investment Real Estate, Inc., Robert Sillman [email protected]
$1,297,000
1341 Stanley Avenue presents an exceptional opportunity to acquire a well-maintained four-unit property in the heart of Long Beach. The building encompasses approximately 2,456 square feet on a 6,431-square-foot lot and features (2) 2-bedroom/1-bath units and (2) 1-bedroom/1-bath units, all occupied by reliable tenants with a history of on-time rent… Read More payments.
The property has benefited from over $70,000 in recent upgrades, including new warrantied roofs on all structures (2024), a newly redone deck with stucco and waterproofing, and replaced some underground piping. Select units feature upgraded interiors, new high-end Bradford White water heaters, and new windows. Additional highlights include four private covered garages, on-site laundry, and separately metered utilities for gas and electricity.
This desirable investment offers strong in-place income and is eligible for 30-year residential financing. With no local rent control and subject to AB 1482, annual rent increases of 5% + CPI (currently 8%) are permitted, making it an excellent opportunity for investors seeking a stable asset in a prime Long Beach location. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Quadruplex
Lot Size
0.15 Acres
Year Built
1959
MLS Number
SB26001452
Additional Details
Building
Built in 1959, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Biking, Golf, Park
Cooling
SeeRemarks
Expenses
Operating: $24,773
Fireplaces
None
Garage
4 spaces
Heating
SeeRemarks
Home Owner's Association
Association Fee: $0
Income
Gross Income: $86,700, Gross ScheduledIncome: $86,700, Net Operating Income: $59,326
Laundry
CommonArea
Lot
0.1476 acres, ZeroToOneUnitAcre
Parking
4 open parking spaces, 8 total parking spaces, Assigned
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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