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1365 Stanley Avenue Long Beach, CA 90804
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Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23091471
Sold Date 07/18/23
Bedrooms 8
HOA Y/N No
Lot Size 6,449 Sqft
Property Description
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. Dont wait as this great opportunity will not last for long.
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. Dont wait as this great opportunity will not last for long.
Location
State CA
County Los Angeles
Area Long Beach (90804)
Zoning Assessor
Building
Lot Description Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $82
Acceptable Financing Cash, Conventional, Exchange
Space Rent $1,520
Listing Terms Cash, Conventional, Exchange
Financing Conventional
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Bought with Kurt Hertzog • Lyon Stahl Investment Real Estate, Inc.