664 Stanley Avenue, Long Beach, CA 90814

$1,249,000
3,228
SqFt
List Price
$1,249,000
Status
ACTIVE
MLS#
319004617
Year Built
1947
Living Sq. Ft
3,228
Lot Size
6,749
Acres
0.1549
Days on Market
21
Property Type
Multifamily

Property Description

Offered for sale is this amazing investment opportunity. All three units have been extensively updated with all necessary permits; which means, years and years of little to no maintenance. The entire property has not been occupied since remodel, allowing you to demand a super premium rental rate. Property has a potential of producing an excess of $8,000/mo in rental income with all units rented! Property consists of 3 separate units where the owner can live in one utilize the other two to generate income or rent all three units out! Front unit is 1,115 sqft consisting of 3bed 1.5 bath (central A/C) with it's own separate laundry area. Rear lower unit is 712 sqft consisting of 2 bed 1 bath (new wall unit A/C) and rear 2nd floor unit is 1,434 sqft consisting of 3 bed 2 bath (new wall unit A/C).Both rear units share a laundry area separate from the front unit. Renovations include: New dual pane windows, copper plumbing, new flooring throughout, new bathrooms (vanities, showers, tubs, tiles, etc...), new kitchen cabinets, new countertops, new stainless steel appliances, new electrical; plugs and switches, new LED recessed lighting throughout,4 car enclosed garage and much more. This turnkey property is very close to the beach, next door to Belmont Heights.

Additional Information

Appliances
Microwave, Gas & Electric Range, Dishwasher
Fireplace Description
Living Room, See Remarks
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Garage Spaces Total
4
Attached Structure
Detached
Total Number of Units
3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Artin Babayan from National Properties

Based on information from California Regional Multiple Listing Service, Inc. as of . 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. 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, 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.