Residential Income Property with
For Sale
$1,249,000
1033 Stanley Avenue, Long Beach, CA 90804
The property includes assigned parking, a garage, and garden space.
Property Size2,588 SF
Days on Market8
Property Features for 1033 Stanley Avenue
General Information
Standard status
Active
Size
2,588 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
LBR2N
Net Operating Income
$61,756
Amenities
Curbs, Sidewalks
Wall Furnace
Assigned, Garage
Garden
Building Details
Building Size
2,588 SF
Year Built
1923
Buildings
1
Stories
1
Listing Agency:
eXp Realty of California, Inc
Listed By:
Edward Kaminsky · License #00958114
(310) 427-2414
Source:
Evrealestate
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 14 at 10:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California, Inc
Investment Insights
Based on property information with market context.
Located at 1033 Stanley Avenue in Long Beach, this residential income property was built in 1923. Interior features include a wall furnace, while exterior amenities include assigned parking, a garage, and garden space. The property is zoned LBR2N.
Key Highlights
- Built in 1923
- LBR2N zoning
- Assigned parking and garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,492
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,840
$989.8K
Cap Rate 7%
$707,029
$707.0K
Cap Rate 9%
$549,911
$549.9K
Market Conditions
NOI Build-Up for 2,588 SF
Gross rent
$94.7K $36.60/SF
− Vacancy
−$4.7K −$1.83/SF
EGI
$90.0K $34.77/SF
− OpEx
−$40.5K −$15.65/SF
NOI
$49.5K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$989,840
Cap Rate 7%
$707,029
Cap Rate 9%
$549,911
Alternative Uses
Best Use
Apartment 5plus
$707.0K
$618.7K – $824.9K
NOI $49,492 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $96,992 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,288
Businesses Nearby
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The property includes assigned parking, a garage, and garden space.
Where is this residential income property located?
The property is located at 1033 Stanley Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Built in 1923; LBR2N zoning; Assigned parking and garage
