1 of 31

Want to see this property?

938 Stanley Avenue

Long Beach, CA 90804

– beds
– baths
– sqft
5,201 sqft lot
1925 build
– on site

We are pleased to exclusively offer for sale this 9 Unit Multi-Family investment located in the vibrant 90804 submarket of Long Beach. This 5,201 SF lot is centrally positioned in Long Beach and offers tenants convenient access to the entirety of the city as well as the confluence of both Los Angeles and Orange County freeway systems. In addition to the building’s excellent location, it has an outstanding unit mix consisting of (2) 2 Bed/2 Bath Units, (2) 2 Bed/1 Bath units, and (5) 1 Bed/1 Bath units. Further, the front house has a new roof and many of the major electric and plumbing systems have been upgraded. This kind of meticulous management is indicative of a well-run operation providing a smooth, headache free investment. As it stands, the offering presents strong day one income with a current CAP Rate of 6.00% as well as a GRM of 10.95 and future upside with a pro forma CAP Rate of 7.41% and GRM of 9.68. Along these lines, the property features onsite washer and dryer hookups allowing investors an easy avenue to increase their annual Cash Flow upon acquisition. All in all, the building is a half mile from Retro Row and just over a mile from the Traffic Circle and the vast dining, shopping, and entertainment options therein. This provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.

Listed By CRMLS_CA / Keaton Quaack / Lyon Stahl Investment Real Estate, Inc. / 562-743-8204

Last checked: Checking… • Last updated Apr 29, 2025 •

MLS# SB25092114 —

The Building

Year Built:

1925
Year Built Source:

Public Records
New Construction:

No
Construction Materials:

Concrete, Stucco, Wood Siding
Building Area Total:

5034.00
Building Area Units:

Square Feet
Total Number Of Units:

9
# of Buildings:

3
Architectural Style:

Craftsman
Roof:

Flat
Foundation:

Concrete Perimeter
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

6
# of Separate Water Meters:

1
# of Separate Electric Meters:

7

Interior

Features:

Balcony, Ceiling Fan(s), Copper Plumbing Partial, Granite Counters, Pantry, Storage
Levels:

Two
Entry Location:

10th St
Flooring:

Vinyl, Wood
Room Type:

Kitchen, Living Room, Main Floor Bedroom
Laundry:

Gas Dryer Hookup, Washer Hookup
Laundry:

1

Location

Directions:

Corner of 10th Street and Stanley Ave
Latitude:

33.77883100
Longitude:

-118.16191200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Updated/Remodeled
Zoning:

LBR2N
Lot Features:

Corner Lot, Front Yard, Rectangular Lot, Near Public Transit
Lot Size Area:

5201.0000
Lot Size Acres:

0.1194
Lot Size SqFt:

5201.00
Lot Size Source:

Assessor
View:

1
View:

Neighborhood
Fencing:

Wood
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Fire and Smoke Detection System
Road Frontage:

City Street
Road Surface Type:

Alley Paved, Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

5769.04
Tax Tract:

67
Tax Lot:

1

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7262014013

Heating & Cooling

Heating:

1
Heating:

Central, Wall Furnace
Cooling:

Yes
Cooling:

Central Air, Wall/Window Unit(s)

Utilities

Utilities:

Electricity Available, Natural Gas Available, Sewer Available, Water Available
Sewer:

Sewer Paid
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

6 Burner Stove, Dishwasher, Electric Range, Gas Oven, Microwave, Refrigerator, Water Heater
Included:

Yes

The Community

Subdivision:

Eastside (ES)
Subdivision:

Eastside (ES)
Features:

Biking, Curbs, Dog Park, Golf, Gutters, Park, Street Lights, Urban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

No
Parking:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
4/28/25 Apr 28, 2025	Listed / Active	CRMLS_CA	$2,375,000	126.2% (11.7% / YR)
7/15/14 Jul 15, 2014		CRMLS_CA	$1,050,000

Want a closer look?

Go see 938 Stanley Avenue

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Long Beach, CA

Similar sold homes

This multifamily located in Rose Park, Long Beach, CA 90804 is currently for sale for $2,375,000. 938 Stanley Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 938 Stanley Avenue is in the Rose Park neighborhood of Long Beach and has a WalkScore® of 88, making it very walkable. This multifamily is in the attendance area of Willard Elementary School, Wilson High School, and Jefferson Leadership Academies.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 17:46 on Apr 28.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.