$1,650,000
UNDER CONTRACT

Estimated payment $9,521/month

Total Views 4,049
9 Beds
8 Baths
4,405 Sq Ft
$375 Price per Sq Ft

Highlights

  • Lawn
  • Laundry Room
  • 5 Car Garage
  • Woodrow Wilson High School Rated A

About This Home

Are you looking for a great 4 plex in a prime rental area of Long Beach with a tremendous amount of upside? If so, this is your opportunity! 660 Stanley Avenue is a 4 unit investment property made up of a front 3 bedroom and 2 bathroom unit, and three 2 bedroom/1.5 bathroom units. The property includes a shared laundry room, detached garages that accommodate 5 vehicles, and an open common area at the back of the building. 3 of the 4 units are vacant and ready to rent. The fourth unit has a long term tenant whose term lease has reverted to a month-to-month lease with under market rent. Again, a tremendous amount of upside with rents, as well as potential ADU development (Buyer to verify). In terms of location, it doesn't get any better than this. The property is located in a prime rental area, and is conveniently close to Long Beach State University, the beach, downtown, shopping, dining, entertainment, and much more.

Listing Agent

Mark Lima

Lima Real Estate Group Brokerage Email: mlima@limarealestategroup.com License #01845513 Listed on: 05/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,842

Year Built

  • Built in 1969

Lot Details

  • 6,778 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 5 Car Garage
  • Parking Available

Home Design

  • Quadruplex

Interior Spaces

  • 4,405 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 576
  • Assessor Parcel Number 7262030008
  • $994 per year additional tax assessments

Community Details

Building Details

  • 1 Leased Unit
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1
  • Trash Expense $1
  • Water Sewer Expense $1
  • Operating Expense $1
  • Gross Income $17,725
  • Net Operating Income $8,227

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,842

Year Built

Built in 1969

Lot Details

0

Parking

5

Listing Details

  • Price Per Unit: 412500
  • Property Attached: Yes
  • Water Sewer Expenses: 1.00
  • Zoning: LBR3S
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7262030008
  • Year Built: 1969
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 374.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 6778.00
  • Lot Size Acres: 0.1556

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 17725.00
  • Gross Scheduled Income: 17725.00
  • Insurance Expense: 1.00
  • Lot Size Area: 6778.0000 Square Feet
  • Net Operating Income: 8226.50
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Operating Expense: 9498.50
  • Rent Control: No
  • Total Actual Rent: 1725.00
  • Total Expenses: 1.00

Tax Info

  • Tax Census Tract: 5768.01
  • Tax Lot: 5
  • Tax Tract Number: 576...
  • TaxOtherAnnualAssessmentAmount: 994.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,842 $1,570,800 $1,122,000 $448,800
2024 $5,842 $389,185 $167,386 $221,799
2023 $5,742 $381,554 $164,104 $217,450
2022 $5,416 $374,074 $160,887 $213,187
2021 $5,281 $366,740 $157,733 $209,007
2019 $5,207 $355,863 $153,055 $202,808
2018 $4,957 $348,886 $150,054 $198,832
2016 $4,542 $335,340 $144,228 $191,112
2015 $4,373 $330,304 $142,062 $188,242
2014 $4,364 $323,835 $139,280 $184,555
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 For Sale $1,650,000 -- $375 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25099773

California Regional Multiple Listing Service (CRMLS)

APN: 7262-030-008