1148 Stanley Ave Long Beach, CA 90804
Rose Park NeighborhoodEstimated payment $15,336/month
Highlights
- 12 Car Attached Garage
- Laundry Facilities
- 1-Story Property
- Woodrow Wilson High School Rated A
About This Home
PRICED TO SELL - 10X GRM AND 6.5% CAP AT MARKET RENTS for 1980's construction in Long Beach. Earn over a 8% Cash on Cash Return. 8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Built in 1987 the property is professionally managed and well maintained. Building was recently painted as well. All units are 2 bed/2bath and have updated kitchens, baths and flooring. 12 onsite parking for 8 units as well as onsite laundry. This property is perfect for someone looking for a low management asset. It also has approx. 14% rental upside to a 10 GRM and 6.7% CAP at market rents. There is onsite laundry onsite. The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Plumbing is copper (Buyer to verify). Qualified Buyers can obtain a 5 year loan fixed at 5.05%, Interest Only. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. And the city just approved a $38MM update of the Long Beach airport for the upcoming 2028 Olympics.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 6,627 Sq Ft Lot
- Lot Dimensions are 50x133
Parking
- 12 Car Attached Garage
- Assigned Parking
Interior Spaces
- 6,240 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Utilities
- Heating System Mounted To A Wall or Window
Community Details
- 8 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 7260-029-019
Map
Home Values in the Area
Average Home Value in this Area
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 | $35,421 | $2,653,019 | $848,966 | $1,804,053 |
| 2024 | $33,889 | $2,601,000 | $832,320 | $1,768,680 |
| 2023 | $33,317 | $2,550,000 | $816,000 | $1,734,000 |
| 2022 | $31,265 | $2,500,000 | $800,000 | $1,700,000 |
| 2021 | $21,703 | $1,700,617 | $984,280 | $716,337 |
| 2020 | $21,646 | $1,684,120 | $974,188 | $709,932 |
| 2019 | $21,392 | $1,651,118 | $955,087 | $696,031 |
| 2018 | $20,815 | $1,618,762 | $936,360 | $682,402 |
| 2016 | $12,887 | $1,014,077 | $359,832 | $654,245 |
| 2015 | $12,384 | $998,845 | $354,427 | $644,418 |
| 2014 | $12,327 | $979,280 | $347,485 | $631,795 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 04/28/2026 04/28/26 | For Sale | $2,295,000 | -8.2% | $368 / Sq Ft | |
| 08/13/2021 08/13/21 | Sold | $2,500,000 | 0.0% | $401 / Sq Ft | View Prior Sale |
| 06/21/2021 06/21/21 | Pending | -- | -- | -- | |
| 05/18/2021 05/18/21 | For Sale | $2,500,000 | -- | $401 / Sq Ft |
Source: The MLS
MLS Number: 26825273
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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