$3,000,000
1128 Stanley, Long Beach CA 90804
Multi-Family (9 Units)
Property type
93 days
On market
$364
Price per sqft
2 cars
Garage
1987
Year built
6,620 sqft
Lot size
Open Houses
Overview
Nine-unit multifamily property located in the Eastside area of Long Beach just north of Pacific Coast Highway near the Traffic Circle. Built in 1987, the property consists of one two-story building on an approximately 0.15-acre lot and features a strong unit mix of eight 2-bedroom/2-bath units and one 1-bedroom/1-bath unit. Several units have been updated with renovated...
Listing provided by: DARREN CORREA DRE #02066621, LE INVESTMENT GROUP
Listing updated: Mar 5, 2026 at 01:37am.
Last checked: Jun 5, 2026 at 03:00am
Source: CRMLS #IV26048033
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,695 | $1,695 | $1,750 | Unfurnished |
| 8 | 2 | 2 | — | $17,978 | $17,978 | $2,395 | Unfurnished |
# of Buildings: 1
# of Units Total: 9
Separate Electric Meters: 9
Separate Gas Meters: 9
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
12.7x
List Price / Annual Gross Rent
Cap Rate
5.22%
NOI / List Price
Gross Scheduled Income: $236,076
Operating Expense: $76,229
Net Operating Income: $156,709
Annual Operating Expenses
Electric: $726
Fuel: $220
Insurance: $7,328
Professional Management: $10,623
Trash: $208
Water / Sewer: $4,710
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Covered, On Site
Garage Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7260029016
Additional Parcels: No
Tax Lot: 14
Tax Block: B
Subdivision: Eastside (ES)
Community
Senior Community: No
Community Features: Biking, Curbs, Street Lights, Sidewalks, Urban
Nearby Schools
Nearby schools around the 1128 Stanley, Long Beach, CA 90804. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,400,000
Total Interest
$3,061,068
Total Payment
$5,461,068
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$18,445
per month
Property History for 1128 Stanley
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90804.
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