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Long Beach, CA 90804,1600 Stanley AVE
Long Beach, CA 90804,1600 Stanley AVE
Long Beach, CA 90804,1600 Stanley AVE
$1,035,000
Est. payment /mo
$950,000
8.9%
Est.Price: ?

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6,608 Sqft Lot
SOLD DATE : 06/05/2024

Key Details

Sold Price $1,035,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID SB24082999

Year Built 1971

Lot Size 6,608 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Laundry Common Area

Exterior

Pool None

Community Features Curbs, Sidewalks, Urban

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by John Stiegler II • Lyon Stahl Investment Real Estate, Inc. • 310-447-2213
Bought with John McCann • Lyon Stahl Investment Real Estate, Inc.
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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