NOT LISTED FOR SALE

Estimated Value: $1,549,781 - $1,605,000

8 Beds
4 Baths
4,896 Sq Ft
$320/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $1,400,000 $286 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,047/month

11 Days on Market

About This Home

As of July 2023

We are pleased to present this pride of ownership 4-unit apartment complex located at 1365 Stanley Ave in the Zaferia neighborhood, which is undergoing extensive improvements and gentrification. This very large well-maintained 4,896 Sq Ft building is situated on a 6,449 SqFt lot. This property consists of (4) 2-bed/1-bath units roughly 1,200 SqFt each, including four detached garages accessed from the back alley with potential for ADU additions (buyer to verify). In 2020 apartment A (ground floor) has gone through a complete renovation, while keeping the historical charm and character. Other recent upgrades in 2023 include newer 12 year old roof inspected, and preventative maintenance conducted with high quality silicone roof coating applied by Barlett Roofing, new paint on the entire exterior of building and trim, and some new windows have been replaced. This property has low maintenance landscaping that is serviced bi-monthly. The City of Long Beach conducted an inspection of the property in April of 2023 as part of a new Proactive Rental Housing Inspection Program (PRHIP). All building, and sanitation code/ordinance standards met/exceeded. Don’t wait as this great opportunity will not last for long.

Last Agent to Sell the Property

Johnnie Stiegler

Lyon Stahl Investment Real Estate, Inc. License #01981597 Listed on: 05/30/2023

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Stephen Takahashi

Lyon Stahl Investment Real Estate, Inc. License #01944770

Last Buyer's Agent

Kurt Hertzog

Lyon Stahl Investment Real Estate, Inc. License #02011145

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,397

Year Built

  • Built in 1928

Lot Details

  • 6,449 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Quadruplex

Interior Spaces

  • 4,896 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 1
  • Assessor Parcel Number 7260023006
  • $985 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Eastside Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $900
  • Fuel Expense $900
  • Gardener Expense $1,200
  • Insurance Expense $3,427
  • Maintenance Expense $3,126
  • Trash Expense $900
  • Water Sewer Expense $900
  • New Taxes Expense $16,875
  • Operating Expense $28,227
  • Gross Income $78,144
  • Net Operating Income $47,572

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,397

Year Built

Built in 1928

Lot Details

0

Parking

4

Listing Details

  • CapRate: 3.52
  • Other Phone Description: Primary Phone
  • Other Phone Number: 310-945-3365
  • Price Per Unit: 337500
  • Property Attached: No
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 900.00
  • Zoning: LBR2N
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7260023006
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 285.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 900.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6449.00
  • Lot Size Acres: 0.1480

Multi Family

  • Electric Expense: 900.00
  • Fuel Expense: 900.00
  • Gross Income: 78144.00
  • Gross Multiplier: 17.28
  • Gross Operating Income: 75800.00
  • Gross Scheduled Income: 78144.00
  • Insurance Expense: 3427.00
  • Lot Size Area: 6449.0000 Square Feet
  • Maintenance Expense: 3126.00
  • Maintenance Percent: 4.00
  • Net Operating Income: 47572.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 28228.00
  • Operating Expense Percent: 36.00
  • Rent Control: No
  • Total Expenses: 28227.00
  • Vacancy Allowance: 2344
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16875.00
  • Tax Census Tract: 5751.02
  • Tax Lot: 4
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 985.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2023
Closed on
Jul 24, 2023
Sold by
Treger Andrew
Bought by
Altpim Llc
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Kurt Hertzog
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,350,000
Sold Price
$1,400,000
Premium/Discount to List
$50,000
3.7%
Views
89
Current Estimated Value
$1,565,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,695
Avg. Annual Appreciation
4.32%
Original Mortgage
$1,050,000
Outstanding Balance
$1,027,012
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$504,412

Purchase Details

Listed on
May 30, 2023
Closed on
Jul 3, 2023
Sold by
Valenzuela-Mier Amy L and Valenzuela-Mier Lorri K
Bought by
Treger Andrew
Seller's Agent
Johnnie Stiegler
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Kurt Hertzog
Lyon Stahl Investment Real Estate, Inc.
List Price
$1,350,000
Sold Price
$1,400,000
Premium/Discount to List
$50,000
3.7%
Views
89

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$1,027,012
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$504,412

Purchase Details

Closed on
Jun 26, 2013
Sold by
Barrett Robert J
Bought by
Valenzuela Mier Amy L and Valenzuela Mier Lorri K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
4.36%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Altpim Llc -- Accommodation/Courtesy Recordi
Treger Andrew $1,400,000 Fidelity National Title
Valenzuela Mier Amy L $689,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Treger Andrew $1,050,000
Previous Owner Valenzuela Mier Amy L $399,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2023 07/18/23 Sold $1,400,000 +3.7% $286 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $1,350,000 +101.5% $276 / Sq Ft
09/13/2013 09/13/13 Sold $670,000 -4.1% $137 / Sq Ft
09/13/2013 09/13/13 Pending -- -- --
06/19/2013 06/19/13 For Sale $699,000 -- $143 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $18,397 $1,428,000 $714,000 $714,000
2024 $18,397 $1,400,000 $700,000 $700,000
2023 $11,114 $811,814 $353,475 $458,339
2022 $10,449 $795,897 $346,545 $449,352
2021 $10,220 $780,292 $339,750 $440,542
2019 $10,075 $757,150 $329,674 $427,476
2018 $9,732 $742,305 $323,210 $419,095
2016 $8,933 $713,482 $310,660 $402,822
2015 $8,582 $702,766 $305,994 $396,772
2014 $8,535 $689,000 $300,000 $389,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23091471

California Regional Multiple Listing Service (CRMLS)

APN: 7260-023-006