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664 Stanley Avenue, Long Beach, California 90814, Long Beach, 90814 - bed, bath

664 Stanley Avenue, Long Beach, California 90814 home-pic-0
ACTIVE$1,500,000
664 Stanley Avenue, Long Beach, California 90814
0Bed
0Bath
3,228Sqft
6,749Lot
Year Built
1947
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$465
HOA
-
Days on market
-
Sold On
-
MLS number
OC24225211
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(50th), sqft - 3228(71th), beds - undefined(50th), baths - undefined(50th).

Discover an outstanding investment opportunity with this renovated triplex, meticulously updated and permitted for years of worry-free maintenance. Live in one unit while renting the others, or lease all three for maximum return. The front unit boasts 1,115 sqft with 3 bedrooms and 1.5 baths, complete with central A/C and a private laundry area. The rear lower unit features 712 sqft with 2 bedrooms and 1 bath, while the spacious second-floor unit offers 1,434 sqft with 3 bedrooms and 2 baths, both equipped with new wall unit A/C. Shared laundry facilities serve the rear units, and extensive renovations include dual-pane windows, copper plumbing, stylish new flooring, modern bathrooms, updated kitchens with stainless steel appliances, new electrical fixtures, LED recessed lighting, and a four-car enclosed garage.

Price History

Date
Event
Price
02/21/20
Sold
$1,200,000
09/27/17
Sold
$645,000
06/02/05
Sold
$780,000
10/01/93
Sold
$200,000
Condition Rating
Excellent
Despite being built in 1947, the property has undergone extensive and meticulous renovations, including modern kitchens with stainless steel appliances, modern bathrooms, new electrical fixtures, LED recessed lighting, stylish new flooring, dual-pane windows, and copper plumbing. These updates indicate that all major components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'Excellent' condition rating.
Pros & Cons

Pros

High Income Potential: As a meticulously renovated triplex, this property offers versatile income streams, allowing for owner-occupancy with rental income or maximizing returns by leasing all three units.
Comprehensive Modern Renovation: Extensive updates including dual-pane windows, copper plumbing, new electrical, stylish flooring, modern kitchens with stainless steel appliances, and updated bathrooms significantly reduce immediate maintenance concerns.
Permitted & Worry-Free Maintenance: The renovations are permitted, ensuring compliance and offering a 'worry-free maintenance' period, adding long-term value and peace of mind for the owner.
Dedicated Parking: A four-car enclosed garage provides substantial and secure parking, a highly desirable amenity for multi-unit properties in urban environments like Long Beach.
Updated Unit Amenities: All units feature modern kitchens, bathrooms, and air conditioning (central in one, wall units in others), enhancing tenant appeal and living comfort.

Cons

Original Construction Age: Built in 1947, the property's underlying structure is older, which, despite extensive renovations, may still present potential long-term maintenance considerations for components not fully replaced.
Varied HVAC & Shared Facilities: Only the front unit boasts central A/C, with wall units in the others, and the rear units share laundry facilities, which could be less attractive to some prospective tenants seeking full independence and uniform modern amenities.
Multi-Unit Management Demands: Operating a triplex inherently involves the complexities of managing multiple tenants, including lease agreements, maintenance requests, and potential vacancies, requiring active landlord engagement.

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