Property Details
About this Property
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 6.08% as well as a GRM of 10.83 and future upside with a pro forma CAP Rate of 7.22% and GRM of 9.58. 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
MLS Listing Information
MLS #
CRSB25092114
MLS Source
California Regional MLS
Days on Site
23
Interior Features
Kitchen
Pantry
Appliances
Dishwasher, Microwave, Other, Oven - Gas, Oven Range - Electric
Cooling
Central Forced Air, Window/Wall Unit
Heating
Central Forced Air, Wall Furnace
Exterior Features
Roof
Flat
Foundation
Concrete Perimeter
Style
Craftsman
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 9 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
938 Stanley Ave is a Residential Income in Long Beach, CA 90804. This – square foot property sits on a 5,201 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,350,000 and was built in 1925. This address can also be written as 938 Stanley Ave, Long Beach, CA 90804.
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This listing information is up-to-date as of May 13, 2025. For the most current information, please contact Keaton Quaack
