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1128 Stanley Ave 9 Unit Apartment Building $4,173,870 CAD ($463,763 CAD/Unit) 5.22% Cap Rate Long Beach, CA 90804
Investment Highlights
- Updated interiors, new appliances and turn-key units.
- Desirable 2BD / 2BA Unit Mix – 8 of 9 units are 2-bedroom layouts, supporting long-term tenant stability and lower turnover.
- Tenant-Paid Utilities (Gas & Electric) – Efficient operating profile with controlled expense exposure.
- Immediate Cash Flow, 5.22% in-place cap rate with positive leverage and strong debt coverage (1.23x DSCR)
- Prime Long Beach Location – Minutes to Alamitos Beach, Downtown Long Beach, and major employment centers.
Executive Summary
Le Investment Group is pleased to present 1128 Stanley Avenue, a 9-unit renovated multifamily asset located in a prime coastal submarket of Long Beach. Offered at $3,000,000 ($333,333 per unit), the property delivers immediate in-place cash flow with a 5.22% cap rate and strong debt coverage, while still providing measurable upside to a 5.66% cap rate at market rents. The asset has undergone recent unit renovations, including updated interiors and new appliances, allowing new ownership to step into stabilized, turn-key operations with minimal near-term capital requirements. With a desirable 2BD/2BA unit mix, tenant-paid gas and electricity, and proximity to the beach and Downtown Long Beach, this offering presents a defensive coastal investment with long-term rent durability and strong exit liquidity.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,173,870 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $463,763 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.22% | Building Size | 8,245 SF |
| Gross Rent Multiplier | 12.71 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 1.46/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LBR2N | ||
| Price | $4,173,870 CAD |
| Price Per Unit | $463,763 CAD |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| Gross Rent Multiplier | 12.71 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 8,245 SF |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.46/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LBR2N |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Refrigerator
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 532 |
| 2+2 | 8 | - | 950 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7260-029-016 | Improvements Assessment | $2,209,133 CAD |
| Land Assessment | $1,914,581 CAD | Total Assessment | $4,123,714 CAD |
Property Taxes
Parcel Number
7260-029-016
Land Assessment
$1,914,581 CAD
Improvements Assessment
$2,209,133 CAD
Total Assessment
$4,123,714 CAD
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1128 Stanley Ave
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