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938 Stanley Ave
For Sale $2,150,000
$2,150,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 5,201 Sq Ft
Description
We are pleased to exclusively offer for sale this 9 Unit Multi-Family investment located in the vibrant 90804 submarket of Long Beach. This 5,201 SF lot is centrally positioned in Long Beach and offers tenants convenient access to the entirety of the city as well as the confluence of both Los Angeles and Orange County freeway systems. In addition to the building’s excellent location, it has an outstanding unit mix consisting of (2) 2 Bed/2 Bath Units, (2) 2 Bed/1 Bath units, and (5) 1 Bed/1 Bath units. Further, the front house has a new roof and many of the major electric and plumbing systems have been upgraded. This kind of meticulous management is indicative of a well-run operation providing a smooth, headache free investment. As it stands, the offering presents strong day one income with a current CAP Rate of 6.75% as well as a GRM of 9.91 and future upside with a pro forma CAP Rate of 8.00% and GRM of 9.91. Along these lines, the property features onsite washer and dryer hookups allowing investors an easy avenue to increase their annual Cash Flow upon acquisition. All in all, the building is a half mile from Retro Row and just over a mile from the Traffic Circle and the vast dining, shopping, and entertainment options therein. This provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,150,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1925 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7262014013 |
| MLS # | SB25092114 |
| Property ID | 321739056 |
| Lot Sqft | 5,201 |
| Zoning | LBR2N |
| Total Units | 9 |
| Days on Market | 231 |
| Original List Price | $2,375,000 |
| Applicances | 6 Burner Stove,Dishwasher,Electric Range,Gas Oven,Microwave,Refrigerator,Water Heater% |
| Date Updated | August 15, 2025 |
| Date Created | April 22, 2025 |
Listing Provided By
Keaton Quaack an agent of . Lic #02172607
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of August 15, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT