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776 Stanley Avenue, Long Beach, California 90804, Long Beach, 90804 - 6 bed, 4 bath

776 Stanley Avenue, Long Beach, California 90804 home-pic-0
ACTIVE$1,150,000
776 Stanley Avenue, Long Beach, California 90804
6Beds
4Baths
1,800Sqft
6,508Lot
Year Built
1922
Close
-
List price
$1.15M
Original List price
$1.29M
Price/Sqft
$639
HOA
-
Days on market
-
Sold On
-
MLS number
PW25171021
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,6 Pros. Rank: price - $1.15M(50th), sqft - 1800(40th), beds - 6(87th), baths - 4(80th).

Three Charming Detached Homes in the Prime Rose Hill Historic Area of Long Beach! A Peaceful Residential Vibe! Perfect Owner User Setup With Rental Upside! Whether You’re An Owner-User Dreaming Of Offsetting Your Mortgage Or An Investor Looking For Strong Rental Income, This Property Checks All The Boxes! Location, Charm, And Opportunity! The Front Home Is A Classic and Spacious 3 Bedroom, 2 Bath California Craftsman Built In 1912, Full of Original Character, Hardwood Floors And That Warm, Timeless Charm! The 2nd Home Is A Spacious 2 Bed (small 2nd Bed/Nursery/Office), 1 Bath Cottage, Privately Set Back And Perfect For Steady Rental Income Or Guests! The 3rd Detached Home is an Attractive and Cozy Studio. There is a Separate Car Garage that Could Also Be an ADU? Each Unit Has Its Own Personality, Private Entry, And Access On A Deep Lot With Mature Landscaping, Including a Gorgeous Jacaranda Tree! This Is An Unbeatable Location Just Minutes From CSULB, Retro Row, Belmont Shore, 4th Street Shops, And The Beach. Fantastic Long-Term Tenants That Would Love to Stay, But Month-To-Month To Meet Your Goals! Rarely Do Properties Like This Come Available With So Much Versatility In Such A Prime Area.

Nearby schools

6/10
Burbank Elementary School
Public,•K-5•0.3mi
5/10
Willard Elementary School
Public,•K-5•0.4mi
7/10
Lee Elementary School
Public,•K-5•0.8mi
7/10
Lincoln Elementary School
Public,•K-5•0.9mi
9/10
Fremont Elementary School
Public,•K-5•1.0mi
4/10
Whittier Elementary School
Public,•K-5•1.0mi
6/10
Bryant Elementary School
Public,•K-5•1.1mi
7/10
Jefferson Leadership Academies School
Public,•6-8•0.7mi
6/10
Franklin Classical Middle School
Public,•6-8•0.9mi
6/10
Wilson High School
Public,•9-12•1.2mi
6/10
Polytechnic High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
11/22/25
Price Change
$1,150,000-4.0%
11/03/25
Price Change
$1,198,000-4.0%
09/16/25
Price Change
$1,248,000-3.6%
08/02/25
$1,295,000
10/27/23
Sold
$1,250,000
07/29/16
Sold
$670,500
10/27/06
Sold
$700,000
08/23/99
Sold
$244,000
Condition Rating
Fair
This property, built in 1922 (with the main home dating to 1912), is aged but appears to be maintained for tenant occupancy. The kitchen features painted, older-style cabinets, basic countertops, a budget-friendly mosaic tile backsplash, and standard appliances (black gas range, basic grey refrigerator). The bathrooms are very basic with pedestal sinks, simple mirrors, and standard lighting. While functional, both the kitchen and bathrooms are significantly outdated in style and features, requiring substantial cosmetic and potentially functional upgrades. The presence of window AC units suggests a lack of central HVAC, and the property analysis explicitly notes the likelihood of requiring 'substantial investment in updating older systems (plumbing, electrical, HVAC)'. The hardwood floors retain some original character, but overall, the property requires significant updates to meet modern quality standards, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: Fremont Elementary School (9/10).
Income Potential & Versatility: Features three detached homes (Triplex) with potential for an ADU conversion of the garage, offering diverse income streams and flexible owner-user or investment opportunities.
Prime Location: Situated in the desirable Rose Hill Historic Area, minutes from CSULB, Retro Row, Belmont Shore, 4th Street Shops, and the beach, ensuring strong tenant demand and appreciation potential.
Historic Charm & Character: The main 1912 California Craftsman home boasts original character and hardwood floors, appealing to buyers seeking unique architectural charm.
Established & Flexible Tenancy: Existing long-term tenants on month-to-month leases provide immediate rental income while offering flexibility for a new owner's plans.
Value-Add Opportunity: The separate car garage presents a clear opportunity for conversion into an Additional Dwelling Unit (ADU), significantly increasing property value and rental income.

Cons

Age and Potential System Upgrades: Built in 1922 (main home 1912), the property likely requires substantial investment in updating older systems (plumbing, electrical, HVAC) to meet modern standards and reduce long-term maintenance.
Recent Price Reductions & Valuation: Multiple price drops from the original list price and a current list price below its October 2023 sale price ($1.25M) may indicate market resistance or a perceived overvaluation, impacting buyer confidence.
Management Complexity: Managing a triplex with multiple tenants and separate units on a single lot can be more complex and time-consuming than a single-family residence, requiring dedicated landlord experience.

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