Est. cap rate

4.3%

Assumed rent, all units

$9,000/mo

Units

4

Price per unit

$312,250

Est. annual NOI

$54,000

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

2,588 sqft

Lot size

6,520 sqft

Year built

1923

Stories

2

Garage spaces

4

Heating

Wall Furnace

Cooling

None

Pool

None

Status

Active

Days on market

1

MLS #

248063259

About this property

Investor opportunity in Long Beach’s Eastside/Rose Park area: 1033 Stanley Ave is a four-unit multifamily property with over $75K in upgrades including a new roof and 3 new water heaters. With a CAP Rate of almost 5% offering a practical unit mix of one 2-bedroom/2-bath unit and three 1-bedroom/1-bath units. Each unit has its own private garage, providing a meaningful parking amenity in a dense coastal market. The property sits on an approximately 6,520 SF lot with roughly 2,588 SF of gross building area. The four-unit configuration provides diversified rental income across multiple unit types, while the 2-bedroom unit offers additional appeal to tenants needing more space. The open space in between the 2 buildings and 5 garages create potential for expansion or ADU's (buyer to verify). The location has a walk score of 90 and puts tenants close to the amenities that drive rental demand, including local restaurants, coffee shops, shopping and everyday services, with convenient access to major Long Beach corridors and regional transportation. Downtown Long Beach, the waterfront, Shoreline Village, Long Beach Convention & Entertainment Center and the area's employment centers are all within a short drive. This is a chance to add a stabilized fourplex to your portfolio with income in place and upside to explore. Bring your numbers, run your projections, and take a closer look.

Location

1033 Stanley Avenue

Long Beach, Los Angeles, CA, 90804