1148 Stanley Ave
Long Beach, CA 90804Sale Price
$2,375,000
Property Type
Income Property
Beds
16
Baths
16
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.
Agent Information
Licensed Real Estate Salesperson
(310) 948-2631
jswire@theagencyre.com
License: California DRE #1336277
The Agency
Property Specifics
Property Type:
Income Property
Monthly Common Charges:
$67,000
Estimated Sq. Foot:
6,240
Lot Size:
6,625 sq. ft.
Price per Sq. Foot:
$381
Building Stories:
N/A
Pet Policy:
N/A
MLS ID:
24-383887
Source Status:
Active
Unit Amenities
Assigned
Attached
Community
Parking
Attached Garage
Location & Transportation
Other Property Information
Summary
General Information
- Year Built: 1986
- Year Built Source: Vendor Enhanced
Parking
- Total Parking Spaces: 12
- Parking Features: Assigned, Attached
- Garage: Yes
- Attached Garage: Yes
- Garage Spaces: 12
Interior and Exterior Features
Interior Features
- Living Area: 6,240 sq. ft.; source: Vendor Enhanced
- Total Bedrooms: 16
- Full Bathrooms: 16
- Laundry Features: Community
- Other Equipment: None
Property Information
Lot Information
- Zoning: LBR2N
- Lot Size: 6,625.48 sq. ft.; source: Vendor Enhanced
- Lot Dimensions: 50x133
Utilities
- Cooling: None
Estimated Monthly Payments
Monthly Total
$78,391
Monthly Charges
$67,000
Monthly Taxes
N/A
Interest
6.00%
Down Payment
20.00%
Mortgage Calculator
Monthly Mortgage Cost
$11,391
Monthly Charges
$67,000
Total Monthly Payment
$78,391
Calculation based on:
Price:
$2,375,000
Charges:
$67,000
* Additional charges may apply
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Listing information provided by the Combined LA/Westside Multiple Listing Service, Inc.. All information is deemed reliable but not guaranteed. Copyright 2024 Combined LA/Westside Multiple Listing Service, Inc., Los Angeles, California. All rights reserved.
Last checked: May 17, 2024, 4:49 AM UTC