Property Description
PRICE REDUCED TO SELL - SELLER IS MOTIVATED. 10.3 GRM AND 6.5% CAP on in place rents, with upside to a 9.3 GRM and a 7.7% CAP. 8 units located on the East Side of Long Beach - subject to AB 1482 Rent Control (5% + CPI increases). All units are in very good condition. And only $299/SF. The property has new windows, new exterior paint, new landscaping, new garage doors and is professionally managed. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). Most units have W/D hookups. There are 4 garages on the front of the property. Units have individual waters heaters. EMAIL LA FOR MORE INFO INCLUDING A CURRENT RENT ROLL AND SETUP.
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“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$29,517
TurboHome Estimated Value
$2,003,400
$294 sqft
High Valuation
$2,103,570
$309/sqft
Normal Valuation
$2,003,400
$294/sqft
Low Valuation
$1,903,230
$279/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $294/sqft | $2,003,400 |
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: Circle Area
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Comparative Value
$2.04M
$2.55M
1335 Stanley Ave, Long Beach, CA 90804
List Price: $2,039,000
Subject Property
1470 Elm Ave, Long Beach, CA 90813
Sale Price: $2,549,000
Selected Comparable
Neighborhood Comps
Subject Property
SUBJECT1335 Stanley Ave, Long Beach, CA 90804
List: $2,039,000
Listed: 1/16/2025
Area:6,810 sqft
Price/sqft:$299
Beds:18
Baths:10
Year Built:—
Lot Size:6,423
Comparable Properties
COMPARABLEChoose comps
1470 Elm Ave, Long Beach, CA 90813
Sale: $2,549,000
4/25/2025 • 1.45 mi
Area:6,678 sqft
Price/sqft:$382
Beds:19
Baths:10
Year Built:—
Weight:100.0%
Subject Property
SUBJECTImage | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
1335 Stanley Ave, Long Beach, CA 90804 | $2,039,000 | 6,810 | $299 | 6,423 | — | 1/16/2025 | 18 | 10 | — | — |
Comparable Properties
COMPARABLEChoose comps
Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
---|---|---|---|---|---|---|---|---|---|---|---|
1470 Elm Ave, Long Beach, CA 90813 | $2,549,000 | 6,678 | $382 | 7,596 | 1.45 mi | 4/25/2025 | 19 | 10 | — | 100.0% |
Nearby Listings
1 similar properties within 5 miles
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