938 Stanley Avenue

Long Beach, CA 90804

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,034 Sqft
  • 5201
    Sqft(Lot)
$2,375,000

Description

We are pleased to exclusively offer for sale this 9 unit multi-family investment located in the vibrant 90804 submarket of long beach. this 5,201 sf lot is centrally positioned in long beach and offers tenants convenient access to the entirety of the city as well as the confluence of both los angeles and orange county freeway systems. in addition to the building’s excellent location, it has an outstanding unit mix consisting of (2) 2 bed/2 bath units, (2) 2 bed/1 bath units, and (5) 1 bed/1 bath units. further, the front house has a new roof and many of the major electric and plumbing systems have been upgraded. this kind of meticulous management is indicative of a well-run operation providing a smooth, headache free investment. as it stands, the offering presents strong day one income with a current cap rate of 6.00% as well as a grm of 10.95 and future upside with a pro forma cap rate of 7.41% and grm of 9.68. along these lines, the property features onsite washer and dryer hookups allowing investors an easy avenue to increase their annual cash flow upon acquisition. all in all, the building is a half mile from retro row and just over a mile from the traffic circle and the vast dining, shopping, and entertainment options therein. this provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Craftsman

  • AD ID

    49539815

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Sewer Tap Paid

    Interior Features

    • Roof : Flat
    • Interior Features: Balcony,Ceiling Fan(s),Granite Counters,Pantry,Storage,Bedroom on Main Level
    • Property Appliances: 6 Burner Stove,Dishwasher,Electric Range,Gas Oven,Microwave,Refrigerator,Water Heater
    • Flooring: Vinyl,Wood

    Cooling Features

    • Central Air,Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Central,Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1925
    • Building Area Total: 5,034
    • Construction: Concrete,Stucco,Wood Siding
    • Roof: Flat

    Foundation

    • Concrete Perimeter

    Security Features

    • Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

    Fencing

    • Wood

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1194
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5201

  • Listing Price Information

    • Original List Price: 2,375,000
    • Listing Contract Date: 2025-04-22

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7262014013

  • Garage and Parking

    • Garage Description: None

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 3 - Eastside, Circle Area
    • Postal Code Plus 4: 4616
    • Directions: Corner of 10th Street and Stanley Ave
    • Zoning: LBR2N
    • Source Property Type: Residential Income
    • Area: 3 - Eastside, Circle Area
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 100
    • Common Walls: 2+ Common Walls
    • Property Condition: Updated/Remodeled
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 10th St
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 05/05/2025 @ 00:53

  • MLS: SB25092114
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,034 sqft, 5,201 sized lot, and 0 parking. are nearby neighborhoods.