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1144 Stanley Avenue, Long Beach, California 90804, Long Beach, 90804 - bed, bath

1144 Stanley Avenue, Long Beach, California 90804 home-pic-0
ACTIVE$2,045,000
1144 Stanley Avenue, Long Beach, California 90804
0Bed
0Bath
4,600Sqft
6,617Lot
Year Built
1972
Close
-
List price
$2.04M
Original List price
$2.1M
Price/Sqft
$445
HOA
-
Days on market
-
Sold On
-
MLS number
OC25058726
Home ConditionExcellent
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.04M(80th), sqft - 4600(80th), beds - undefined(20th), baths - undefined(20th).

An Incredibly Rare Offering in the City of Long Beach — Fully remodeled in 2024, this 4-unit townhouse-style property presents a high-performing investment with 8 Total on-site Parking Spaces (2 spaces for Each Unit), 300 sqft private backyard for Each Unit, and a strong current Cap Rate of 5.30%, with pro forma potential of 5.70%. All 4-units are identical in layout and finishes, each offering: 3 Bedrooms / 2 Bathrooms, Approx. 1,150 sqft of living space, A/C & heating, washer/dryer hookups, quartz countertops, modern cabinetry, vinyl flooring, recessed lighting, new appliances. The property is separately metered for gas and electricity, with tenants responsible for all utilities, ensuring low operating expenses and ease of management. Located in a highly desirable Long Beach neighborhood, each unit has been thoughtfully designed for modern living and long-term durability—making this an ideal turnkey investment. Perfect for investors seeking immediate cash flow and strong long-term upside. Don’t miss this rare, high-performing asset in the heart of Long Beach.

Nearby schools

5/10
Willard Elementary School
Public,•K-5•0.4mi
7/10
Lee Elementary School
Public,•K-5•0.4mi
6/10
Burbank Elementary School
Public,•K-5•0.7mi
4/10
Whittier Elementary School
Public,•K-5•0.8mi
7/10
Lincoln Elementary School
Public,•K-5•0.9mi
6/10
Bryant Elementary School
Public,•K-5•1.0mi
9/10
Fremont Elementary School
Public,•K-5•1.2mi
7/10
Jefferson Leadership Academies School
Public,•6-8•0.8mi
6/10
Franklin Classical Middle School
Public,•6-8•1.1mi
6/10
Wilson High School
Public,•9-12•1.2mi
6/10
Polytechnic High School
Public,•9-12•1.4mi

Price History

Date
Event
Price
08/14/25
Price Change
$2,045,000
04/16/25
Listing
$2,095,000
07/03/24
Sold
$1,300,000
Condition Rating
Excellent
Despite being built in 1972, the property was fully remodeled in 2024, making all components virtually new. The description highlights modern features such as quartz countertops, modern cabinetry, new appliances, vinyl flooring, recessed lighting, and A/C & heating. Images confirm a fresh, contemporary aesthetic in the living areas, bedrooms, and kitchen, with no signs of wear or outdated elements. The recent, extensive renovation places this property firmly in the 'Excellent' category.
Pros & Cons

Pros

Turnkey & Modern Condition: Fully remodeled in 2024 with modern finishes, new appliances, A/C & heating, and washer/dryer hookups, making it highly attractive to tenants and minimizing immediate capital expenditures for an investor.
Strong Investment Performance: Presents a high-performing investment with a strong current Cap Rate of 5.30% and a pro forma potential of 5.70%, indicating robust cash flow and long-term upside.
Low Operating Expenses for Owner: The property is separately metered for gas and electricity, with tenants responsible for all utilities, significantly reducing landlord operating expenses and simplifying management.
Desirable Tenant Amenities: Each of the four units includes 2 dedicated on-site parking spaces and a private 300 sqft backyard, which are highly sought-after features in an urban setting like Long Beach.
Prime Long Beach Location: Situated in a highly desirable Long Beach neighborhood, enhancing tenant demand, property value appreciation, and overall investment stability.

Cons

Age of Original Construction: Despite a comprehensive 2024 remodel, the property was originally built in 1972, meaning the underlying structure and potentially some core systems (e.g., foundation, main plumbing lines, roof) are over 50 years old, which could lead to unforeseen maintenance issues.
Recent Price Reduction: The property has already undergone a price reduction from its original list price of $2.095M to $2.045M, which might suggest initial overpricing or a slower market absorption than anticipated.
Limited Unit Layout Diversity: All four units are identical in layout (3 bedrooms / 2 bathrooms, approx. 1,150 sqft), which, while simplifying management, could limit the appeal to a broader range of tenants or future buyers seeking varied unit sizes.

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