Stanley Apartments
Type: Multifamily
1128 Stanley Ave Long Beach, CA 90804
Total Number of Units: 9
Year Built: 1987
Sale Price: $3,000,000
Price per Unit: $333,333
Price per Square Foot: $363.86
CAP Rate: 5.23%
GRM: 12.71
Downpayment: $1,200,000
Net Operating Income: $156,831
Rentable Square Feet: 8,245
Lot Size: .150
Unit Type
1B1B
2B2B
No. of Units
1
8
Le Investment Group is proud to present Stanley Apartments, a 9-unit multifamily property located at 1128 Stanley Avenue in Long Beach, California. Offered at $3,000,000 ($333,333 per unit), the asset provides stable in-place income with a current cap rate of 5.23% and a 12.71 GRM, supported by a well-maintained operating profile and consistent occupancy. The property is comprised primarily of larger two-bedroom, two-bathroom floor plans, complemented by gated and secure entry and a 1:1 tuck-under parking ratio, which contribute to tenant retention and operational stability. Situated in a dense, supply-constrained coastal Long Beach submarket near Alamitos Beach and Downtown Long Beach, Stanley Apartments offers investors durable cash flow, defensive market exposure, and long-term liquidity in a fundamentally strong rental market.
