1148 STANLEY AVE
LONG BEACH, CA 90804
$2,375,000
16 Beds
16 Baths
6,240 Sq Ft
Status Active
MLS# 24-383887
8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. Priced at 12.5 GRM and a 4.8% CAP with upside to a 6.4% CAP. Built in 1986 the property is professionally managed and well maintained. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. There is onsite laundry onsite. The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Email LA for more information including a current Rent Roll and actual expenses.
Details for 1148 STANLEY AVE
Built in 1986
$381 / Sq Ft
12 parking spaces
None
Wall
35 Days on website
0.1521 acres lot
Area Information for 1148 STANLEY AVE
