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1128 Stanley Ave
Long Beach, CA 90804 Eastside Long Beach

$3,000,000 USD

Apartments For Sale • 8,245 SF

Property Details

Property Type Apartments
Total Building Size 8,245 SF
Lot Size 0.15 AC
Building Class B
Year Built 1987
Zoning LBR2N

50 Transit Score

90 Walk Score

                
                    Highlights
                
                                Updated interiors, new appliances and turn-key units.
                            
                                Immediate Cash Flow, 5.22% in-place cap rate with positive leverage and strong debt coverage (1.23x DSCR)
                            
                                Desirable 2BD / 2BA Unit Mix – 8 of 9 units are 2-bedroom layouts, supporting long-term tenant stability and lower turnover.
                            
                                Prime Long Beach Location – Minutes to Alamitos Beach, Downtown Long Beach, and major employment centers.
                            
                                Tenant-Paid Utilities (Gas & Electric) – Efficient operating profile with controlled expense exposure.

Amenities

24 Hour Access
Air Conditioning
Balcony
Dishwasher
Laundry Facilities
Gated
Refrigerator
Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	8 min	-	3.6 mi
John Wayne/Orange County	29 min	-	19.7 mi
Los Angeles International	33 min	-	22.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Covered
Included in Rent:	Yes

Albert Le 714-814-2088 Le Investment Group

1128 Stanley Ave Long Beach, CA 90804 Eastside Long Beach