1600 Stanley Avenue Long Beach, CA ^$ 950,000

1600 Stanley Avenue

^$ 950,000

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1600 Stanley Avenue

Long Beach, CA, 90804

^$ 950,000

Bedrooms8 Baths4.0 Sq 3,584

Monthly Estimate*

^$ 6,636

Listed by Lyon Stahl Investment Real Estate, Inc.

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1600 Stanley Avenue, Long Beach, CA 90804 - Image 2

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1600 Stanley Avenue, Long Beach, CA 90804 - Image 10

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1600 Stanley Avenue, Long Beach, CA 90804 - Image 15

Multi-Family Home for sale in Long Beach, CA

for $950,000 with 8 bedrooms and 4 full baths. This 3,584 square foot home was built in 1971 on a lot size of 0.1517.

We are pleased to present this great Value Add opportunity located at 1600 Stanley Ave in Long Beach. This 4 unit apartment building consists of (4) 2-Bedroom, 1-Bathroom townhome style units that are roughly 900 sqft for each. Built in 1971, there is a total of 3,584 sqft of livable space, situated on a large 6,610 sqft lot. Tenants pay their own electricity and gas, which are separately metered for each unit. property has a back parking lot that offers 6 parking spots as well as tandem parking spaces. All units are long term tenants that are month to month. Possibility to build (2) detach ADU 1,200 Sqft each on this property – Buyer to verify. With over 100% in rental income upside, this is a perfect opportunity for a value-add investor.

Multi-Family Pending

Price

^$ 950,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Quadruplex

Lot Size

0.1517

Year Built

1971

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB24082999

Days on Market

Features

General

Sewer PublicSewer

Garage Spaces 0.0

Pool Features None

Year Built 1971

Property SubType Quadruplex

Gross Income 49004.0

Community Features Curbs Sidewalks Urban

County Los Angeles

Net Operating Income 26008.0

Operating Expense 22997.0

Insurance Expense 4301.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Eastside (ES)

Garage Y/N N

Special Listing Conditions Standard

Status Pending

Directions Take the 405 S toward Long Beach. Turn left onto E Pacific Coast Highway. Turn left onto Stanley Ave.

City Long Beach

Entry Location front

View Y/N N

Senior Community Y/N N

Open Parking Spaces 8.0

Total Units 4

MLS Area 3 - Eastside Circle Area

Lot Size Square Feet 6610.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Stanley

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 1200.0

Home Warranty Y/N N

Fuel Expense 1200.0

Trash Expense 600.0

Water Sewer Expense 600.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 12

Building Area Units SquareFeet

Standard Status Pending

Year Built Source Assessor

Tax Lot 16

Property Sub Type Additional Quadruplex

Taxes 11875.0

Exterior

Lot Features RectangularLot

Water Source Public

Total Parking 8.0

Lot Size Area 6610.0

Number of Buildings 1

Spa N

Building Area Total 3584.0

Lot Size Acres 0.1517

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 4

Number of Separate Electric Meters 4

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1600

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 425-9838

Phone

Affordability Calculator

$6,636

Per Month

Monthly Principal & Interest: $6,636
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,090,646

Percent of Sale Price 120%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/26/2024	$950,000		Listed Price

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1600 Stanley Avenue, Long Beach, CA, 90804 is a Multi-Family Home for sale at $950,000 with 3,584 sqft and a lot size of 0.1517. 1600 Stanley Avenue has 8 bedrooms, 4.0 baths, and was built in 1971. The property's zip code is 90804 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/13/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1600 Stanley Avenue

Multi-Family Home for sale in Long Beach, CA

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