1120-1122 Stanley Ave
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1120-1122 Stanley Ave
12 Unit Apartment Building $4,500,000 ($375,000/Unit) 4.46% Cap Rate Long Beach, CA 90804
Investment Highlights
- Desired unit type
- Well maintained properties
- Additional parking & driveway
- Upside in rents
- Located on well maintained block
Executive Summary
1120 Stanley Avenue is a duplex located in Long Beach, California. The back unit was constructed in 2015 with the front unit being remodeled the same year, the subject property contains 2,600 rentable square feet that is placed on a 6,369 square foot lot. The existing units consist of (1) 3 Bed + 3 Bath unit and (1) 4 Bed + 3.5 Bath unit along with 2 large double car garages located in the rear of the property with alley access.
1122 Stanley Avenue is a 10-unit apartment building located in Long Beach, California. Constructed in 1963, the subject property contains 7,582 rentable square feet that is placed on a 6,523 square foot lot. The existing units consist of (1) studio, (3) 1 Bed + 1 Bath units, (4) 2 Bed + 1 Bath units and (1) 3 Bed + 2 Bath units along with a 4 car garage located in the rear of the property with alley access.
The buildings are being sold with an assumable loan that encumbers both parcels at an interest rate of 3.4% through 2028.
1122 Stanley Avenue is a 10-unit apartment building located in Long Beach, California. Constructed in 1963, the subject property contains 7,582 rentable square feet that is placed on a 6,523 square foot lot. The existing units consist of (1) studio, (3) 1 Bed + 1 Bath units, (4) 2 Bed + 1 Bath units and (1) 3 Bed + 2 Bath units along with a 4 car garage located in the rear of the property with alley access.
The buildings are being sold with an assumable loan that encumbers both parcels at an interest rate of 3.4% through 2028.
Property Facts
| Price | $4,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $375,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 4.46% | Building Size | 10,182 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $4,500,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 4.46% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 10,182 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Opportunity Zone |
Yes |
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Walk Score ®
Very Walkable (89)
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1120-1122 Stanley Ave
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