James Melton
James Melton, California Value Group, Inc.Phone: (714) 318-4664
Email: [email protected]

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listing
1 of 10
Residential IncomeFor Sale
$3,000,000
1128 Stanley Avenue
Long Beach, CA 90804
Listed by Robert Stepp DRE#01456379 [email protected] Keller Williams - Santa Monica
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$15,585/mo

1128 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.60 x gross and 5.41% 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 89, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.

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Information courtesy of Keller Williams - Santa Monica is subject to verification and is not guaranteed.
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