640 Stanley Avenue,Long Beach, CA 90814
Year Built
Price
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Current GRM
Market GRM
640 Stanley Avenue,Long Beach, CA 90814
Price
Price per SF
Price Per Unit
Price per SF
Current Cap Rate
Market Cap Rate
Year Built
Current GRM
Market GRM
640 Stanley Avenue is a 16-unit investment asset located in the Rose Park South Historic District, walking distance to popular 4th Street/Retro Row.
The property features all bright, spacious 2 BD/1.5 BA Townhouse units with balconies. Ample parking is available with a total of 20 spaces, including eight double-car garages, which creates the potential to be converted to ADUs. Ten of the units are completely renovated with designer finishes and fixtures, including wood laminate flooring, quartz countertops, Euro-style cabinetry and tile kitchen floors, stainless steel appliances, and modern ceiling fans and lighting.
Located in the highly desirable Rose Park South Historic District, 640 Stanley has a Walk Score of 94. Residents enjoy a quiet neighborhood just blocks to the amenities along 4th Street/Retro Row, a shopping and dining destination.
640 Stanley Avenue provides a new buyer with a rare opportunity to own 16 spacious townhouse units in a highly popular rental location that provides 13.7% rental upside potential with the existing units.