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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$1,249,000

Est. payment - /mo

6,520 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID SB26217953

HOA Y/N No

Year Built 1923

Lot Size 6,520 Sqft

Property Sub-Type Quadruplex

Property 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.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry None

Exterior

Parking Features Assigned, Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks

Utilities Available Sewer Connected, Water Connected

Total Parking Spaces 4

Private Pool No

Building

Lot Description Back Yard, Front Yard, Garden, Lawn, Landscaped, Yard

Story 2

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7262004017

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

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Listed by Edward Kaminsky eXp Realty of California, Inc 310-427-2414, DRE #00958114

NEARBY SCHOOL & BUSINESS

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1033 Stanley AVE Long Beach, CA 90804