1122 STANLEY Avenue

About This Property

The building 1122 Stanley Ave. (APN 7260-029-015) is 7582 sq. ft. & lot size 51x128, priced at $925,000. The house 1120 Stanley Ave. (APN 7260-029-014) is 1304 sq. ft. & lot size 54x128, priced at $245,000. (See MLS #P782884). Income and expense numbers include both properties and are actual. These properties must be sold together due to the existing loan encumbering both parcels. This is a good rental area, and the building has a number of long-term tenants with lower rents, which creates upside potential for a new buyer. The building is in average condition with a master water heater and laundry room with leased equipment. The four garages are included in the unit rents, and some tenants park in the four parking spaces behind the house. The house has an upgraded kitchen, usable attic, its own laundry hookups and an oversized one-car garage with a long driveway for additional parking.

Unit Mix

• 4 units · 1bd / 1ba
• 3 units · 2bd / 1ba
• 1 unit · 3bd / 2ba
• 1 unit · 4bd / 2ba

Neighborhood

This property is located in Long Beach. Want to learn more about the area?