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.
MLS #
CRSB24082999
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.50
Pool
None
Garage/Parking
Garage: 0 Car(s)
Listing Agent
John Stiegler II
Lyon Stahl Investment Real Estate, Inc.
License #: 01981597
Phone: –
Co-Listing Agent
Stephen Takahashi
Lyon Stahl Investment Real Estate, Inc.
License #: 01944770
Phone: (310) 491-7916
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | 4 |
1600 Stanley Ave is a Residential Income in Long Beach, CA 90804. This – square foot property sits on a 6,610 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $950,000 and was built in 1971.
This address can also be written as 1600 Stanley Ave, Long Beach, CA 90804.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 10, 2024. For the most current information, please contact John Stiegler II