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1086 Stanley Avenue, Long Beach, CA 90804
$2,725,000
1086 Stanley Avenue, Long Beach, CA 90804View this property at 1086 Stanley Avenue, Long Beach, CA 90804
1086 Stanley AvenueLong BeachCA90804
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Property 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.
Full Property Details
Full Property Details for 1086 Stanley Ave
General
- Sold For: $2,725,000
- Status: Closed
- Type: Multi-Family
- MLS ID: PW23229196
- Added to Site: 169 day(s) ago
Rooms
Other Rooms
- Laundry: Individual Room
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 13
Location
- Area: 3 - Eastside, Circle Area
- County: Los Angeles
- Development Name: 3 - Eastside, Circle Area
- Driving Directions: E 10th St
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 9
- # Electric Meters: 9
Structural Information
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 7,936
- Year Built: 1987
Unit Information
Unit 1
- Number of Units: 8
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1461
- Lot Size Source: Assessor
- Zoning: LBR2N
- Lot Description: 6-10 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $343.37
- Price Per Unit: 336111
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by Keller Williams - Santa Monica, Robert Stepp
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Schools
Schools serving 1086 Stanley Ave
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1055 Freeman Ave, Long Beach, CA 90804 | PK-5 | 0.3 mi | |
750 Euclid Ave, Long Beach, CA 90804 | 6-8 | 0.8 mi | |
4400 E 10th St, Long Beach, CA 90804 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1086 Stanley Ave
Date
Details
Price
Change
Source
5/15/2024
Sold
$2,725,000
-9.92%
MLS
12/22/2023
Listed
$3,025,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1086 Stanley Avenue, Long Beach, CA 90804 (MLS# PW23229196) is a Multi-Family property that was sold at $2,725,000 on May 15, 2024. Want to learn more about 1086 Stanley Avenue? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.