$1,400,000
$1,350,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
6,446 Sqft Lot
SOLD DATE : 07/18/2023
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID SB23091471
Sold Date 07/18/23
HOA Y/N No
Year Built 1928
Lot Size 6,446 Sqft
Property Description
We are pleased to present this pride of ownership 4-unit apartment complex located at 1365 Stanley Ave in the Zaferia neighborhood, which is undergoing extensive improvements and gentrification. This very large well-maintained 4,896 Sq Ft building is situated on a 6,449 SqFt lot. This property consists of (4) 2-bed/1-bath units roughly 1,200 SqFt each, including four detached garages accessed from the back alley with potential for ADU additions (buyer to verify). In 2020 apartment A (ground floor) has gone through a complete renovation, while keeping the historical charm and character. Other recent upgrades in 2023 include newer 12 year old roof inspected, and preventative maintenance conducted with high quality silicone roof coating applied by Barlett Roofing, new paint on the entire exterior of building and trim, and some new windows have been replaced. This property has low maintenance landscaping that is serviced bi-monthly. The City of Long Beach conducted an inspection of the property in April of 2023 as part of a new Proactive Rental Housing Inspection Program (PRHIP). All building, and sanitation code/ordinance standards met/exceeded. Don't wait as this great opportunity will not last for long.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR2N
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Garage Faces Rear
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Suburban, Sidewalks, Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7260023006
Energy Description 900.0
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Kurt Hertzog • Lyon Stahl Investment Real Estate, Inc.