NOT LISTED FOR SALE

1086 Stanley Ave Long Beach, CA 90804

Rose Park Neighborhood
3 Beds
3 Baths
7,936 Sq Ft
6,363 Sq Ft Lot

Last Sold May 15, 2024

Last sale price $2,725,000 $343 Per Sq Ft

102 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • 1-Story Property

About This Home

As of May 2024

1086 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

Robert Stepp

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 12/22/2023

Keller Williams Realty Downey

Last Buyer's Agent

Robert Stepp

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 12/22/2023

Keller Williams Realty Downey

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

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

13

Listing Details

  • CapRate: 5.42
  • Price Per Unit: 336111
  • Professional Management Expense: 10571.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1667.80
  • Zoning: LBR2N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 525.00
  • Parcel Number: 7262003003
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 343.37

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 13.00
  • Total Parking Spaces: 13.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Pest Control Expense: 1070.00
  • Sewer: Public Sewer
  • Trash Expense: 1667.80
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6363.00
  • Lot Size Acres: 0.1461

Multi Family

  • Electric Expense: 1667.80
  • Fuel Expense: 1667.80
  • Gross Income: 234909.00
  • Gross Multiplier: 12.49
  • Gross Scheduled Income: 242175.00
  • Insurance Expense: 6244.00
  • Lot Size Area: 6363.0000 Square Feet
  • Maintenance Expense: 4950.00
  • Net Operating Income: 163870.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 71040.00
  • Other Expense: 1800.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 71040.00

Tax Info

  • New Taxes Expense: 37709.00
  • Tax Census Tract: 5769.01
  • Tax Lot: 4
  • Tax Tract Number: 5769
  • TaxOtherAnnualAssessmentAmount: 1738.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2024

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    5 in this area

    71 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23229196

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90804 Rose Park

1086 Stanley Ave, Long Beach, CA

This home is located at 1086 Stanley Ave, Long Beach, CA 90804 since 22 December 2023. This property was built in 1987. 1086 Stanley Ave is a home located in Los Angeles County with nearby schools including Willard Elementary School, Woodrow Wilson High School, and Creative Arts School.

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.

California Regional Multiple Listing Service (CRMLS) 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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