Property Detail

Description

Investor opportunity in Long Beach’s Eastside/Rose Park area: 1033 Stanley Ave is a four-unit multifamily property with over $75K in upgrades including a new roof and 3 new water heaters. With a CAP Rate of almost 5% offering a practical unit mix of one 2-bedroom/2-bath unit and three 1-bedroom/1-bath units. Each unit has its own private garage, providing a meaningful parking amenity in a dense coastal market. The property sits on an approximately 6,520 SF lot with roughly 2,588 SF of gross building area. The four-unit configuration provides diversified rental income across multiple unit types, while the 2-bedroom unit offers additional appeal to tenants needing more space. The open space in between the 2 buildings and 5 garages create potential for expansion or ADU's (buyer to verify). The location has a walk score of 90 and puts tenants close to the amenities that drive rental demand, including local restaurants, coffee shops, shopping and everyday services, with convenient access to major Long Beach corridors and regional transportation. Downtown Long Beach, the waterfront, Shoreline Village, Long Beach Convention & Entertainment Center and the area's employment centers are all within a short drive. This is a chance to add a stabilized fourplex to your portfolio with income in place and upside to explore. Bring your numbers, run your projections, and take a closer look.