Long Beach Apartment
New
For Sale
$1,700,000
1043 Stanley Ave, Long Beach, CA 90804
Two residential buildings offer multiple two-bedroom residences, five garages, and full occupancy.
Days on Market4
Property Features for 1043 Stanley Ave
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Investment
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
5
Additional Details
Gross Income
$136,020
Public Transit
Yes
Building Details
Building Size
5,222 SF
Year Built
1929
Buildings
2
Listing Agency:
RE/MAX College Park Realty
(714) 264-1173
Listed By:
Michelle Scales · License #00952161
(714) 264-1173
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 8:48AM
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 RE/MAX College Park Realty
Investment Insights
Based on property information with market context.
This Long Beach apartment property includes two residential buildings with four 2BR/1BA residences and a rear 2BR/2BA residence above the garages. The property has five garages and was built in 1929. Occupancy is reported at 100%. Tax records show the property as a 4-unit building; one 6-bedroom, 2-bath unit was divided into two 2-bedroom, 1-bath units without permits.
Located at 1043 Stanley Ave in Long Beach, the property has a Walk Score of 87, a BikeScore of 59, and a Transit Score of 50. The source information also identifies potential for an ADU under current California and Long Beach regulations.
Located at 1043 Stanley Ave in Long Beach, the property has a Walk Score of 87, a BikeScore of 59, and a Transit Score of 50. The source information also identifies potential for an ADU under current California and Long Beach regulations.
Key Highlights
- Two residential buildings with four 2BR/1BA residences and one rear 2BR/2BA residence
- Five garages, with the rear 2BR/2BA residence located above the garages
- 100% occupancy
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.1k | $36.60 |
| − Vacancy | −$9.6k | −$1.83 |
| EGI | $181.6k | $34.77 |
| − OpEx | −$81.7k | −$15.65 |
| NOI | $99.9k | $19.12 |
5,222 SF · lease $36.60/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.43M
$1.25M – $1.66M
NOI $99,863 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,709 @ 7.0% cap · market cap 11.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,567
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two residential buildings offer multiple two-bedroom residences, five garages, and full occupancy.
Where is this apartment building located?
The property is located at 1043 Stanley Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two residential buildings with four 2BR/1BA residences and one rear 2BR/2BA residence; Five garages, with the rear 2BR/2BA residence located above the garages; 100% occupancy
