Seller's Agent in 2024
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
4 in this area
81 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 22, 2023
Closed on
May 9, 2024
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Robert Stepp
Keller Williams Realty Downey
List Price
$3,025,000
Sold Price
$2,725,000
Premium/Discount to List
-$300,000
-9.92%
Views
43
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,675,000
Interest Rate
0.0682%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 29, 2021
Sold by
Bought by
Purchase Details
Closed on
Sep 24, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,685,000
Interest Rate
0.046%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 28, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Interest Rate
0.0355%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 4, 2004
Sold by
Bought by
Purchase Details
Closed on
Mar 22, 1994
Sold by
Bought by
Purchase Details
Closed on
Mar 15, 1994
Sold by
Bought by
Purchase Details
Closed on
Mar 11, 1994
Sold by
Bought by
Purchase Details
Closed on
Jan 25, 1994
Sold by
Bought by
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,725,000 | Fidelity National Title | ||
| $2,800,000 | Chicago Title | ||
| $2,389,500 | First American Title Company | ||
| $1,900,000 | Chicago Title Company | ||
| -- | -- | ||
| $265,000 | Chicago Title | ||
| -- | Chicago Title | ||
| $265,000 | Chicago Title Company | ||
| $501,560 | Chicago Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,675,000 | ||
| Previous Owner | $1,685,000 | ||
| Previous Owner | $1,425,000 | ||
| Previous Owner | $24,250,000 | ||
| Previous Owner | $865,000 | ||
| Previous Owner | $640,000 | ||
| Previous Owner | $327,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $37,278 | $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
Nearby Homes
- 1128 Stanley Ave
- 1140 Molino Ave Unit 5
- 1123 Junipero Ave Unit 7
- 1120 Raymond Ave
- 1126 Raymond Ave
- 1110 Ohio Ave Unit 107
- 1135 Raymond Ave
- 1341 Stanley Ave
- 1012 Temple Ave
- 1344 Temple Ave
- 1029 Dawson Ave
- 1015 Dawson Ave
- 2828 E 10th St
- 1036 Saint Louis Ave
- 2122 E 10th St
- 2324 E 14th St
- 2788 E 14th St
- 801 Dawson Ave
- 1060 Cherry Ave Unit A & B
- 1036 Cherry Ave
- 1086 Stanley Ave
- 1074 Stanley Ave
- 1096 Stanley Ave
- 2512 E 11th St
- 1058 Stanley Ave
- 2524 E 11th St
- 1075 Molino Ave Unit 4
- 1075 Molino Ave Unit D
- 1075 Molino Ave
- 2513 E 11th St
- 2501 E 11th St
- 2519 E 11th St
- 1065 Molino Ave
- 1075 Stanley Ave
- 2422 E 11th St
- 2523 E 11th St
- 1050 Stanley Ave
- 1067 Stanley Ave
- 1112 Stanley Ave
- 1101 Stanley Ave
Your Personal Tour Guide
Ask me questions while you tour the home.