938 Stanley Avenue, Long Beach, CA 90804 - Berkshire Hathaway HomeServices California Properties
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938 Stanley Avenue, Long Beach, CA 90804

$2,295,000 Approx. USD 0 beds, 0 baths

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Listing Agent


Keaton Quaack | keaton@lyonstahl.com
Lic#: 02172607
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Agent Remarks

We are pleased to exclusively offer for sale this 9 Unit Multi-Family investment located in the vibrant 90804 submarket of Long Beach. This 5,201 SF lot is centrally positioned in Long Beach and offers tenants convenient access to the entirety of the city as well as the confluence of both Los Angeles and Orange County freeway systems. In addition to the building’s excellent location, it has an outstanding unit mix consisting of (2) 2 Bed/2 Bath Units, (2) 2 Bed/1 Bath units, and (5) 1 Bed/1 Bath units. Further, the front house has a new roof and many of the major electric and plumbing systems have been upgraded. This kind of meticulous management is indicative of a well-run operation providing a smooth, headache free investment. As it stands, the offering presents strong day one income with a current CAP Rate of 6.25% as well as a GRM of 10.58 and future upside with a pro forma CAP Rate of 7.42% and GRM of 9.36. Along these lines, the property features onsite washer and dryer hookups allowing investors an easy avenue to increase their annual Cash Flow upon acquisition. All in all, the building is a half mile from Retro Row and just over a mile from the Traffic Circle and the vast dining, shopping, and entertainment options therein. This provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# SB25092114
List price is $2,295,000 Reduced by $55,000 on 5/27/2025
Price: $2,295,000
Beds: 0
Baths: 0
Built in 1925
2 stories
0.12 acres
Lot size: 0.1194
Subdivision: Eastside (ES)
County: Los Angeles
Property style: Craftsman
Zoning: LBR2N
Construction: Concrete,Stucco,Wood Siding
Interior features: Balcony,Ceiling Fan(s),Granite Counters,Pantry,Storage,Bedroom on Main Level
Appliances: SixBurnerStove,Dishwasher,Electric Range,Gas Oven,Microwave,Refrigerator,Water Heater
Parking description: None
Lot description: Corner Lot,Front Yard,Near Public Transit,Rectangular Lot
Heating/cooling: Central Air,Wall/Window Unit(s)
Heating description: Central,Wall Furnace
MLS area: 3 - Eastside, Circle Area

Last Updated: 5/27/2025

 Days On Market (DOM): 63

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This listing belongs to the 3 - Eastside, Circle Area MLS area

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The style of this listing is Craftsman.
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Lat/Long: 33.778831, -118.161912.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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