Address
1148 Stanley Avenue Long Beach, CA
Price
$ 2,500,000
Property Attributes
  • MLS#PW21106140
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaEastside - Circle Area
  • NeighborhoodEastside
  • Zip90804
  • Style
  • Price$ 2,500,000
  • Bedrooms16
  • Full Bathrooms16
  • Half Bathrooms0
  • Lot Size6,627 SqFt
Listing Provided Courtesy Of:
Robert Stepp with Keller Williams - Santa Monica.
Data Source:
CRMLS
Property Description

1148 Stanley is an 8-unit property built in 1986, featuring all spacious two-bedroom / two-bath units with large private balconies. Extensive building renovations include a modern new wood entry treatment, new landscaping with automatic drip irrigation and low voltage lighting. The secured garage offers ample parking (12 spaces) and new high-intensity LED lighting. Seven of the eight units have undergone complete remodels which include new flooring, lighting, interior doors and hardware, brand new kitchens and bathrooms and modern fixtures throughout. Immediate increased income opportunities may be realized through RUBS and parking. Pending City approval, enclosed garages and/or an Additional Dwelling Unit (ADU) may provide further additional income in the longer term. Located in the popular Eastside neighborhood, just a 10-minute drive to Downtown Long Beach, the building has a Walk Score of 91, making it extremely desirable for renters. This asset will provide the new owner with 14% potential upside in revenue, including increased income through the newly-instituted RUBS program.

Price History
5/18/2021 Listed $2,500,000

General Features

Co-Listing Agent State License # 01884724
Community Features Urban
Garage Spaces 12
Garage Y/N Yes
Levels Three Or More
Listing Agent Robert Stepp - BRE#01456379
Listing Agent State License 01456379
MLS Area 3 - Eastside, Circle Area
Parking Features Garage Faces Side
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Special Listing Conditions Standard
Subdivision Name Eastside (ES)
Terms Cash, Cash to New Loan, 1031 Exchange
Total Units 8
Water Sewer Expense 1974
Zoning LBR2N

Interior Features

Common Walls 2+ Common Walls
Laundry Features Common Area

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 0.15
Lot Size Area 6627
Lot Size Source Assessor
Lot Size Square Feet 6627
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 8
Number of Separate Gas Meters 8
Number of Separate Water Meters 1
Total Parking 12
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90804

Price
AVG $2.13M
$2.5M
Visits
AVG 119
58
Year Built
AVG 1947
1986
Walkscore
AVG 89
91
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.