Properties

Property Features

Heating System : Wall Furnace

Cooling System : None

Address Map

Street : Stanley

Street Number : 1148

Street Suffix : Avenue

Directions : 8 units built in 1986 in Long Beach.

Mls Area Major : 3 - Eastside, Circle Area

Zoning : LBR2N

Listing Broker

Brokerage Company : The Agency

Agent Name : Jonathan Swire

List Agent First Name : Jonathan

List Agent Last Name : Swire

Additional Information

Attached Garage Yn : 1

Levels : Multi/Split

Lot Size Dimensions : 50x133

Number Of Units Total : 8

On Market Date : 2024-04-23

Stories Total : 1

Days On Market : 8

Parking Total : 12.0

Parcel Number : 7260029019

Price Per Sqft : 381

Features

Laundry Features : Common Area

Listing Information

List Agent Mls Id : CLW-X52994

List Office Mls Id : CLW-X79013

Modification Timestamp : 2024-05-01T12:44:19Z

Special Listing Conditions : Standard

Status Change Timestamp : 2024-04-23T00:00:00Z

Originating System Name : CRMLS

Property Description

8 units in Long Beach subject to AB 1482 rent control – maximum annual increase of 5% + CPI. Priced at 12.5 GRM and a 4.8% CAP with upside to a 6.4% CAP. Built in 1986 the property is professionally managed and well maintained. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. There is onsite laundry onsite. The electrical is Siemens – it’s a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Email LA for more information including a current Rent Roll and actual expenses.