1043 Stanley Avenue, Long Beach, CA 90804
- $1,700,000
- List Price
- $1,700,000
- Status
- ACTIVE
- MLS#
- RS26165029
- Year Built
- 1929
- Lot Size
- 6,524
- Acres
- 0.15
- Lot Location
- Front Yard
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
- Neighborhood
- Eastside (Es)
Property Description
Exceptional Long Beach income property generating $136,020. in current annual rents. Property features two residential buildings with four 2BR/1BA residences plus a spacious rear 2BR/2BA residence above the garages. There are 5 garages. 100% occupancy and strong existing income, with substantial value. ADU potential under current CA and Long Beach regulations. Excellent opportunity for an investor seeking immediate income with additional long term upside. Property shows as a 4 unit on tax records. Owner divided a 6 bedroom 2 bath unit into 2 - 2 bedroom 1 bath units without permits.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 5
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $136,020
- Operating Expense
- 21472
Listing courtesy of Listing Agent: Michelle Scales (MichelleLScales@gmail.com) from Listing Office: College Park Realty, Inc.
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