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Back 1148 Stanley Ave
Off Market

1148 Stanley Ave

Long Beach CA 90804

16
16
12
6240 sq. ft.
6627 sq. ft.
Other
Last sold for $2,275,000
Jonathan SwireJonathan Swire, last sold this property on 30 June 2026 after 791 days on market.

Overview

PRICED TO SELL - 10X GRM AND 6.5% CAP AT MARKET RENTS for 1980's construction in Long Beach. Earn over a 8% Cash on Cash Return. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Built in 1987 the property is professionally managed and well maintained. Building was recently painted as well. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. This property is perfect for someone looking for a low management asset. It also has approx. 14% rental upside to a 10 GRM and 6.7% CAP at market rents. There is onsite laundry onsite. The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Plumbing is copper (Buyer to verify). Qualified Buyers can obtain a 5 year loan fixed at 5.05%, Interest Only. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. And the city just approved a $38MM update of the Long Beach airport for the upcoming 2028 Olympics.

Features

16 bedrooms
16 bathrooms
12 carspaces
12 garage spaces
6240 sq. ft. floor area
6627 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 16 bedroom other properties sold in Long Beach over the last 12 months.

Property history for 1148 Stanley Ave

2026
Sold
$2,275,000
30 Jun 2026 by Jonathan Swire, of The Agency
2021
Sold
$2,500,000
13 Aug 2021 by Robert Stepp, of Keller Williams - Santa Monica
2016
Sold
$1,555,000
14 Jun 2016

Happy sellers in Long Beach

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Local market activity for 16 bedroom other properties in Long Beach

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Carmen Sosa

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