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Listed by Nhi Phan • Real Broker
$2,095,000
Est. payment /mo
4,600 SqFt
Active
1144 Stanley Avenue Long Beach, CA 90804
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $455
MLS Listing ID CROC25058726
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1972
Lot Size 6,617 Sqft
Property Sub-Type OTHER
Property Description
An Incredibly Rare Offering in the City of Long Beach — Fully remodeled in 2024, this 4-unit townhouse-style property presents a high-performing investment with 8 Total on-site Parking Spaces (2 spaces for Each Unit), 300 sqft private backyard for Each Unit, and a strong current Cap Rate of 5.30%, with pro forma potential of 5.70%. All 4-units are identical in layout and finishes, each offering: 3 Bedrooms / 2 Bathrooms, Approx. 1,150 sqft of living space, A/C & heating, washer/dryer hookups, quartz countertops, modern cabinetry, vinyl flooring, recessed lighting, new appliances. The property is separately metered for gas and electricity, with tenants responsible for all utilities, ensuring low operating expenses and ease of management. Located in a highly desirable Long Beach neighborhood, each unit has been thoughtfully designed for modern living and long-term durability—making this an ideal turnkey investment. Perfect for investors seeking immediate cash flow and strong long-term upside. Don’t miss this rare, high-performing asset in the heart of Long Beach.
Location
State CA
County Los Angeles
Interior
Cooling Other
Flooring Vinyl
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
View Other
Building
Water Public
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