1335 Stanley Avenue

1335 Stanley Avenue, Long Beach, CA 90804

Sale Price

$2,050,000

Investment Overview

Units

8

Year Built

1963

The Offering

Stepp Commercial is pleased to offer 1335 Stanley Avenue, an 8-unit multifamily investment in Long Beach, one of the fastest growing markets in Southern California.

The asset is located in the popular Eastside neighborhood and boasts a Walkscore of 91, with all the amenities needed for daily living within blocks. The property is also within a

10-minute drive to high-paying professional employment opportunities in Downtown Long Beach.

The building offers a mix of large (2) three-bedroom / one and a half bath units, (4) two-bedroom / one bath units and (2) one-bedroom / one bath units. There is a common laundry room as well as washer/dryer in most units. Parking is provided with four large, individually secured garages and two open parking spaces in the rear of the building.

Recent capital improvements include partial plumbing and electrical upgrades, laminate wood floors, granite counter tops, new cabinets, new paint, new appliances and new water heaters.

1335 Stanley Avenue provides a new owner with the opportunity to own an improved asset in a highly popular rental market with over15% upside in unit rents and garage rentals.