Long Beach, CA 90814,664 Stanley AVE
Long Beach, CA 90814,664 Stanley AVE
Long Beach, CA 90814,664 Stanley AVE
$1,200,000
Est. payment /mo
Est.Price: ?

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6,747 Sqft Lot
SOLD DATE : 02/21/2020

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Not Applicable-105

MLS Listing ID 319004617

Year Built 1947

Lot Size 6,747 Sqft

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.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR3S

Interior

Cooling Central Air, Wall/Window Unit(s)

Flooring Vinyl, Wood

Fireplaces Type Living Room, See Remarks

Exterior

Parking Features Garage, Private

Garage Spaces 4.0

Garage Description 4.0

View Y/N No

Building

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Artin Babayan • National Properties
Bought with Ruben Martinez • Fiduciary Real Estate Services

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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