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$2,375,000
9 Days On Site

938 Stanley Avenue
Long Beach, CA 90804

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
5,034
SqFt
$472
/SqFt
1925
Built
Subdivision:
Eastside (ES)
County:
Los Angeles
Listed by Keaton Quaack of Lyon Stahl Investment Real Estate, Inc. [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 562.896.2456
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562.896.2456
938 Stanley Avenue938 Stanley Avenue938 Stanley Avenue938 Stanley Avenue
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Monthly Payment (Est.)

$10,836
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.

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 6.00% as well as a GRM of 10.95 and future upside with a pro forma CAP Rate of 7.41% and GRM of 9.68. 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.

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Listing Snapshot
Price 
$2,375,000
Days On Site 
9 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,034 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1194 Acres
Year Built 
1925
MLS® Number 
SB25092114
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing first seen on site
a week agoListing updated with changes from the MLS®
General Features
Acres 
0.1194
Foundation 
Concrete Perimeter
Number Of Stories 
2
Parking 
None
Property Condition 
Updated/Remodeled
Property Sub Type 
Apartment
Security 
Carbon Monoxide Detector(s)Smoke Detector(s)
Special Circumstances 
Standard
SqFt Total 
5034
Stories 
Two
Style 
Craftsman
Utilities 
Electricity AvailableNatural Gas AvailableSewer AvailableWater Available
Water Source 
Public
Zoning 
LBR2N
Interior Features
Appliances 
DishwasherElectric RangeGas OvenMicrowaveRefrigeratorWater Heater
Cooling 
Central AirWall/Window Unit(s)
Flooring 
VinylWood
Heating 
CentralWall Furnace
Interior 
Ceiling Fan(s)Granite CountersPantryStorage
Laundry Features 
Washer HookupGas Dryer Hookup
Bedroom 
Kitchen 
Living Room 
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Exterior Features
Construction Details 
ConcreteStuccoWood Siding
Exterior 
Balcony
Fencing 
Wood
Lot Features 
Corner LotFront YardNear Public TransitRectangular Lot
Pool Features 
None
Road Frontage 
City Street
Roof 
Flat
View 
Neighborhood
Waterview 
Neighborhood
Community Features
Association Amenities 
Dog Park
Building Access 
10th St
Community Features 
CurbsGolfParkStreet Lights
Financing Terms Available 
CashConventional1031 Exchange
MLS Area 
3 - Eastside, Circle Area
Roads 
Alley PavedPaved


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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