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.
