$1,272,000
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 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.
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Listed by Robert Sillman with Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
Property Type
Quadruplex
Status
Active
MLS Number
SB26001452
Year Built
1959
Lot Size
6,429 sq ft