Description

1128 Stanley Avenue is a 9-unit, value-add apartment building built in 1987 and located in Long Beach, California. The property is priced at 13.38 x gross and 5.00% 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 income 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.