$2,725,000
Sold

1086 Stanley Avenue

Long Beach, CA 90804
0.15 acres | #PW23229196
Listing OfficeKeller Williams - Santa Monica
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

1086 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.49 x gross and 5.42% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 13 total spaces -- nine (9) covered garage spaces under the building and two (2) two-car garages. With a Walk Score of 87, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.

    Location

    EPIC Realty GroupEPIC Realty Group