Homes for sale - 938 Stanley AVE, Long Beach, CA 90804

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Ben Dodge

Real Estate Professionals

bendodge@kw.com +1(408) 829-1074

Listed by Keaton Quaack • Lyon Stahl Investment Real Estate, Inc.

$ 2,295,000

Est. payment | -/mo

5,201 Sqft Lot

Save

$ 2,295,000

Est. payment | -/mo

Save

5,201 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSB25092114

Style Craftsman

Year Built 1925

Lot Size 5,201 Sqft

Source California Regional MLS

Property 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 6.25% as well as a GRM of 10.58 and future upside with a pro forma CAP Rate of 7.42% and GRM of 9.36. 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 g

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Rooms

Kitchen Dishwasher, Microwave, Other, Pantry, Oven Range - Electric, Refrigerator, Oven - Gas

Interior

Heating Wall Furnace , Central Forced Air

Cooling Central AC, Window / Wall Unit

Laundry Gas Hookup, 30

Exterior

Parking Features No Parking

Pool None

View Local/Neighborhood

Roof Type Flat / Low Pitch

Building

Foundation Concrete Perimeter

Sewer Sewer Available

Water Hot Water, District - Public

Architectural Style Craftsman

Others

Tax ID 7262014013

Special Listing Condition Not Applicable

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Ben Dodge

REALTOR® | Lic# DRE 01959374

bendodge@kw.com

+1(408) 829-1074

16780-A Lark Ave. Los Gatos, CA, 95032

938 Stanley AVE Long Beach, CA 90804

Ben Dodge

Key Details

Location

Rooms

Interior

Exterior

Building

Others

938 Stanley AVE