Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
74 Total Sales
1086 Stanley Ave Long Beach, CA 90804
Rose Park Neighborhood
3
Beds
3
Baths
7,936
Sq Ft
6,363
Sq Ft Lot
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- 1-Story Property
About This Home
As of May 20241086 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.49 x gross and 5.42% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit. Onsite laundry facilities provide additional income and there is ample parking of 13 total spaces -- nine (9) covered garage spaces under the building and two (2) two-car garages. With a Walk Score of 87, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
Last Agent to Sell the Property
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 12/22/2023
Last Buyer's Agent
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 12/22/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 6,363 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 13 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 7,936 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 5769
- Assessor Parcel Number 7262003003
- $1,738 per year additional tax assessments
Community Details
Overview
- 9 Units
- Eastside Subdivision
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,668
- Fuel Expense $1,668
- Gardener Expense $525
- Insurance Expense $6,244
- Maintenance Expense $4,950
- Other Expense $1,800
- Pest Control $1,070
- Professional Management Expense $10,571
- Trash Expense $1,668
- Water Sewer Expense $1,668
- New Taxes Expense $37,709
- Operating Expense $71,040
- Gross Income $234,909
- Net Operating Income $163,870
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2024 05/15/24 | Sold | $2,725,000 | -9.9% | $343 / Sq Ft |
| 04/02/2024 04/02/24 | Pending | -- | -- | -- |
| 12/22/2023 12/22/23 | For Sale | $3,025,000 | -- | $381 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $37,993 | $2,779,500 | $1,249,500 | $1,530,000 |
| 2024 | $37,993 | $2,913,120 | $1,040,400 | $1,872,720 |
| 2023 | $37,352 | $2,856,000 | $1,020,000 | $1,836,000 |
| 2022 | $35,053 | $2,800,000 | $1,000,000 | $1,800,000 |
| 2021 | $30,979 | $2,462,540 | $1,431,973 | $1,030,567 |
| 2019 | $30,536 | $2,391,100 | $1,389,500 | $1,001,600 |
| 2018 | $24,890 | $1,939,600 | $1,020,000 | $919,600 |
| 2016 | $7,314 | $516,587 | $143,571 | $373,016 |
| 2015 | $7,049 | $508,828 | $141,415 | $367,413 |
| 2014 | $7,048 | $498,861 | $138,645 | $360,216 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23229196
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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