1341 Stanley Ave, Long Beach, California 90804, Long Beach, 90804 - bed, bath
ACTIVE$1,297,000$2,456/sqft
1341 Stanley Ave, Long Beach, California 90804
0Bed
0Bath
2,456Sqft
6,431Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Fremont Elementary School (9/10).
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2456, other record living area = 2400.
Compared to the nearby listings
Price:$1.30M vs avg $1.27M (+$31,000)50%
Size:2,456 sqft vs avg 2,182 sqft56%
Price/sqft:$528 vs avg $48656%
More Insights
Built in 1959 (67 years old).
Condition: Despite being built in 1959, the property has benefited from over $70,000 in recent upgrades, including new warrantied roofs (2024), new high-end water heaters, new windows, and replaced underground piping. The description also notes 'select units feature upgraded interiors.' While interior images are not provided to assess kitchen and bathroom styles directly, these significant recent system updates and the 'well-maintained' description indicate the property is in good functional condition, exceeding the criteria for 'Fair' which suggests renovations 15-30 years ago or no major renovations. The property is move-in ready with major systems within their expected lifespan due to recent replacements, aligning with a 'Good' rating.
Year Built
1959
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$528
HOA
-
Days on market
-
Sold On
-
MLS number
SB26001452
Home ConditionGood
Features
Good View:
Deck
View-
About this home
1341 Stanley Avenue presents an exceptional opportunity to acquire a well-maintained four-unit property in the heart of Long Beach. The building encompasses approximately 2,456 square feet on a 6,431-square-foot lot and features (2) 2-bedroom/1-bath units and (2) 1-bedroom/1-bath units, all occupied by reliable tenants with a history of on-time rent payments. The property has benefited from over $70,000 in recent upgrades, including new warrantied roofs on all structures (2024), a newly redone deck with stucco and waterproofing, and replaced some underground piping. Select units feature upgraded interiors, new high-end Bradford White water heaters, and new windows. Additional highlights include four private covered garages, on-site laundry, and separately metered utilities for gas and electricity. This desirable investment offers strong in-place income and is eligible for 30-year residential financing. With no local rent control and subject to AB 1482, annual rent increases of 5% + CPI (currently 8%) are permitted, making it an excellent opportunity for investors seeking a stable asset in a prime Long Beach location.
R
Robert Sillman
Listing Agent
Nearby schools
7/10
Lee Elementary School
Public,•K-5•0.3mi
5/10
Willard Elementary School
Public,•K-5•0.5mi
4/10
Whittier Elementary School
Public,•K-5•0.7mi
6/10
Burbank Elementary School
Public,•K-5•0.8mi
7/10
Lincoln Elementary School
Public,•K-5•0.8mi
6/10
Bryant Elementary School
Public,•K-5•1.0mi
9/10
Fremont Elementary School
Public,•K-5•1.3mi
7/10
Jefferson Leadership Academies School
Public,•6-8•0.9mi
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•1.3mi
Price History
Date
Event
Price
04/01/24
Sold
$1,050,000
03/07/12
Sold
$335,000
07/01/05
Sold
$735,000
01/08/03
Sold
$440,000
11/29/01
Sold
$196,000
Condition Rating
Good
Despite being built in 1959, the property has benefited from over $70,000 in recent upgrades, including new warrantied roofs (2024), new high-end water heaters, new windows, and replaced underground piping. The description also notes 'select units feature upgraded interiors.' While interior images are not provided to assess kitchen and bathroom styles directly, these significant recent system updates and the 'well-maintained' description indicate the property is in good functional condition, exceeding the criteria for 'Fair' which suggests renovations 15-30 years ago or no major renovations. The property is move-in ready with major systems within their expected lifespan due to recent replacements, aligning with a 'Good' rating.
Pros & Cons
Pros
Great Schools: Elementary School: Fremont Elementary School (9/10).
Recent Significant Upgrades: Over $70,000 in recent upgrades including new warrantied roofs (2024), a redone deck, replaced underground piping, upgraded unit interiors, new water heaters, and windows, significantly reducing immediate capital expenditure for a new owner.
Stable Income & Occupancy: All four units are currently occupied by reliable tenants with a history of on-time rent payments, ensuring immediate and consistent cash flow for the investor.
Favorable Rent Control Environment: The property benefits from no local rent control and is subject to AB 1482, allowing for annual rent increases of 5% + CPI (currently 8%), providing a clear and predictable path for income growth.
Desirable Tenant Amenities: The property offers four private covered garages, on-site laundry facilities, and separately metered utilities for gas and electricity, enhancing tenant satisfaction and minimizing owner utility expenses.
Prime Long Beach Investment Location: Situated in the heart of Long Beach, a highly desirable market for residential income properties, offering strong tenant demand and potential for long-term appreciation.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2456, other record living area = 2400.
Age of Property: Built in 1959, despite recent upgrades, the underlying structure is over 60 years old, which may lead to unforeseen maintenance issues or require future capital expenditures on systems not recently updated.
High Price Point / Recent Appreciation: The current list price of $1.297M represents a significant increase from its $1.05M sale in 2024, potentially indicating a premium valuation or limiting immediate equity for a new investor.
Lack of Central Cooling System: The property description does not mention a central cooling system, which could be a drawback for tenants during warmer months and a potential future upgrade cost for the owner.