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Listed by Michelle Scales, DRE #00952161 • College Park Realty, Inc
$1,575,000
Est. payment /mo
6,524 Sqft Lot
Price Dropped by $125K
1043 Stanley AVE Long Beach, CA 90804
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRRS26165029
Year Built 1929
Lot Size 6,524 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Laundry In Laundry Room
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 7262004016
Special Listing Condition Not Applicable
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