1600 STANLEY AVE
LONG BEACH, CA 90804

$950,000

N/A Beds

0 Baths

3,584 Sq Ft

Status Pending

MLS# SB24082999

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.

Details for 1600 STANLEY AVE

Built in 1971

$265 / Sq Ft

8 parking spaces

24 Days on website

0.1517 acres lot

Interior

Living Area

3,584 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

1971

Exterior And Lot

Lot Size Acres

0.1517

Lot Size Square Feet

6610

Lot Size Units

Square Feet

Parking Total

Area And Schools

City

Long Beach

County Or Parish

Los Angeles

Subdivision Name

Eastside (es)

Financial Info

Buyer Agency Compensation^*

2.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.