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

776 Stanley Avenue, Long Beach, California 90804 home-pic-0
ACTIVE$1,150,000
776 Stanley Avenue, Long Beach, California 90804
0Bed
0Bath
1,800Sqft
6,508Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Fremont Elementary School (9/10).
Top Cons:
Age-Related Maintenance & Systems: Built in 1922 (with one unit from 1912), the property may require significant ongoing maintenance and potential updates to older systems (e.g., plumbing, electrical, HVAC) that are not explicitly mentioned as upgraded.

Compared to the nearby listings

Price:$1.15M vs avg $1.15M (+$0)50%
Size:1,800 sqft vs avg 1,972 sqft40%
Price/sqft:$639 vs avg $47967%

More Insights

Built in 1922 (103 years old).
Condition: The property, built in 1922 (with one unit from 1912), is aged but appears to be maintained. While some areas show minor updates like newer bathroom tiling and ceiling fans, the kitchens are largely original or minimally updated with older cabinets, appliances, and countertops. The presence of window AC units suggests a lack of central cooling. The overall style of kitchens and bathrooms is dated, indicating that while functional, they would require significant updates to meet modern aesthetic and functional standards. The property's age also implies older major systems that may require attention.
Year Built
1922
Close
-
List price
$1.15M
Original List price
$1.29M
Price/Sqft
$639
HOA
-
Days on market
-
Sold On
-
MLS number
PW25174087
Home ConditionFair
Features
View-

About this home

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 Bathroom California Craftsman Built In 1912, Full Of Original Character, Hardwood Floors And That Warm, Timeless Charm! The 2nd Home Is A Spacious 2 Bedroom (Small 2nd Bedroom, Nursery, or Office), 1 Full Bathroom Cottage, Privately Set Back And Perfect For Steady Rental Income Or Guests! The 3rd Detached Home Is An Attractive And Cozy Studio With 3/4 Bathroom. 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. Tenants are wonderful and pay all utilities!

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
08/23/99
Sold
$244,000
10/27/23
Sold
$1,250,000
07/29/16
Sold
$670,500
10/27/06
Sold
$700,000
Condition Rating
Fair
The property, built in 1922 (with one unit from 1912), is aged but appears to be maintained. While some areas show minor updates like newer bathroom tiling and ceiling fans, the kitchens are largely original or minimally updated with older cabinets, appliances, and countertops. The presence of window AC units suggests a lack of central cooling. The overall style of kitchens and bathrooms is dated, indicating that while functional, they would require significant updates to meet modern aesthetic and functional standards. The property's age also implies older major systems that may require attention.
Pros & Cons

Pros

Great Schools: Elementary School: Fremont Elementary School (9/10).
Significant Income Potential: The property features three detached homes (triplex) with existing long-term tenants who pay all utilities, offering robust rental income or an ideal owner-user setup to offset mortgage costs.
Prime Historic Location: Located in the desirable Rose Hill Historic District of Long Beach, minutes from CSULB, Retro Row, Belmont Shore, 4th Street Shops, and the beach, enhancing its appeal and potential for appreciation.
Architectural Charm & Character: The main California Craftsman home (built 1912) boasts original character and hardwood floors, appealing to buyers seeking historic aesthetics and timeless charm.
ADU Conversion Potential: A separate car garage offers a clear opportunity for conversion into an Additional Dwelling Unit (ADU), which could significantly increase property value and rental income.
Flexible Tenancy for Owner-User: Existing tenants are on month-to-month leases, providing flexibility for a new owner to occupy one unit while continuing to generate rental income from the others.

Cons

Age-Related Maintenance & Systems: Built in 1922 (with one unit from 1912), the property may require significant ongoing maintenance and potential updates to older systems (e.g., plumbing, electrical, HVAC) that are not explicitly mentioned as upgraded.
Recent Price Reductions: Multiple price drops from the original list price indicate potential market resistance or a need for a more competitive valuation, suggesting a perceived overvaluation by buyers.
Limited Bedroom Functionality: The second home's description notes a 'small' second bedroom, which could limit its functionality or appeal for certain tenants or occupants, potentially impacting rental demand or value.

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