$3,000,000 Price Analysis   ♡   Long Beach, CA 90804 17 bed 17 bath 8,245 SqFt ($363/SqFt) 6,619SqFt lot. Built 1987 Listed 2023-12-22, Taxes $35,075 | Ⓧ USDA Ineligible due to price & location near Long Beach |
1128 S tanley Avenue is a 9-unit
Value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 12.60 x gross and 5.41% cap rate at current rents. There are eight (8) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit.
Onsite laundry facilities provide additional incom and there is ample parking of 13 total spaces -- nine (9) covered garage spaces under the building and two (2) two-car garages. With a Walk Score of 89, the property is in close proximity to many desirable amenities and boasts a strong and stable tenant base.
Presented by Robert Stepp at
Keller Williams - Santa Monica.
Property MLS #PW23229200 from CRMLS
Lot Size Acres: 0.1519513
Lot Size Source: Assessor
Lot Size Square Feet: 6619
Parking Total: 13
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Maintenance Expense: 4950.00
County: Los Angeles
Other Expense: 1800.00
Source Property Type: Residential Income
Insurance Expense: 6230.00
Area: 3 - Eastside, Circle Area
Source Neighborhood: Eastside (ES)
New Taxes Expense: 37453.00
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 9
Number of Separate Water Meters: 1
Parcel Number: 7260029016
Pest Control Expense: 1065.00
Postal Code Plus 4: 3590
Professional Management Expense: 10392.00
Subdivision: Eastside (ES)
Trash Expense: 1036.00
Zoning: LBR2N
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,500,000 + $1,300,000 $2,800,000 | $35,075 |
| 2021 | $1,442,794 + $1,246,986 $2,689,780 | $33,706 |
| 2020 | $1,428,000 + $1,234,200 $2,662,200 | $33,617 |
| 2019 | $1,400,000 + $1,210,000 $2,610,000 | $33,223 |
| 2018 | $1,020,000 + $918,000 $1,938,000 | $24,889 |
| 2017 | $274,977 + $173,668 $448,645 | $6,943 |
| 2016 | $269,586 + $170,263 $439,849 | $6,422 |
| 2015 | $265,537 + $167,706 $433,243 | $6,194 |
| 2014 | $260,336 + $164,421 $424,757 | $6,201 |
| 2013 | $259,160 + $163,678 $422,838 | $6,030 |
| 2012 | $254,079 + $160,469 $414,548 | $6,104 |
| 2010 | $249,098 + $157,323 $406,421 | $5,810 |
| 2009 | $247,825 + $156,519 $404,344 | $5,712 |
| 2009 | $247,237 + $156,148 $403,385 | $5,712 |
| 2008 | $242,966 + $153,450 $396,416 | $5,334 |
| 2007 | $238,202 + $150,442 $388,644 | $5,135 |
$3,000,000
CRMLS
Sold 2021-10-25
$2,800,000
Public Record
Sold 2018-10-25
$2,610,000
Public Record
Listing removed 2018-06-09
$2,650,000
CRMLS
Listed 2018-05-21
$2,650,000
CRMLS
Sold 2017-02-27
$1,900,000
Public Record
Sold 1995-04-28
$310,000
Public Record
Sold 1994-02-28
$270,000
Public Record
Sold 1986-07-31
$80,000
Public Record
Year Built: 1987
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 37
Property Attached: Yes
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Commercial/Residential
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 1036.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.