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1148 Stanley Ave 8 Unit Apartment Building $3,145,389 CAD ($393,174 CAD/Unit) 5.40% Cap Rate Long Beach, CA 90804
Investment Highlights
- PRICED TO SELL - 10X GRM AND 6.5% CAP AT MARKET RENTS. Earn over a 8% Cash on Cash Return.
- Best Priced 1980's building in Long Beach.
- Most unit interiors heavily updated.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RR AND OM.
- Excellent Unit Mix of all 2/2's with 12 onsite parking spaces.
- Recently painted - well maintained and professionally managed.
Executive Summary
PRICED TO SELL - 10X GRM AND 6.5% CAP AT MARKET RENTS. Earn over a 8% Cash on Cash Return. Best priced 1980's building in all of Long Beach.
8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Built in 1987 the property is professionally managed and well maintained. All units are 2 bed/2bath and have updated kitchens, baths and flooring. The property was recently painted as well.
12 onsite parking for 8 units as well as onsite laundry. This property is perfect for someone looking for a low management asset. It also has approx. 14% rental upside to a 10 GRM and 6.7% CAP at market rents.
The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Plumbing is copper (Buyer to verify).
Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The City of Long Beach also just approved a $38MM update to the Long Beach Airport in preparation for the 2028 Olympics.
Qualified Buyers can obtain a 5 year loan fixed at 5.05%, Interest Only. Contact David Guevara for more info. Momenta Capital Group. 714.474.1284 dguevara@momentacg.com
EMAIL THE LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
8 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0% total). Built in 1987 the property is professionally managed and well maintained. All units are 2 bed/2bath and have updated kitchens, baths and flooring. The property was recently painted as well.
12 onsite parking for 8 units as well as onsite laundry. This property is perfect for someone looking for a low management asset. It also has approx. 14% rental upside to a 10 GRM and 6.7% CAP at market rents.
The electrical is Siemens - it's a 200 AMP main panel with 60 AMP subpanels (Buyer to verify). Plumbing is copper (Buyer to verify).
Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The City of Long Beach also just approved a $38MM update to the Long Beach Airport in preparation for the 2028 Olympics.
Qualified Buyers can obtain a 5 year loan fixed at 5.05%, Interest Only. Contact David Guevara for more info. Momenta Capital Group. 714.474.1284 dguevara@momentacg.com
EMAIL THE LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$276,849
|
$44.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$276,849
|
$44.37
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $276,849 |
| Annual Per SF | $44.37 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $276,849 |
| Annual Per SF | $44.37 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,145,389 CAD | Building Class | C |
| Price Per Unit | $393,174 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 6,240 SF |
| Cap Rate | 5.40% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.3 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1986/2019 |
| Property Type | Multifamily | Parking Ratio | 1.92/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4R, Long Beach | ||
| Price | $3,145,389 CAD |
| Price Per Unit | $393,174 CAD |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,240 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2019 |
| Parking Ratio | 1.92/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4R, Long Beach |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | $2,871 CAD | 780 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7260-029-019 | Improvements Assessment | $2,472,527 CAD |
| Land Assessment | $1,163,542 CAD | Total Assessment | $3,636,069 CAD |
Property Taxes
Parcel Number
7260-029-019
Land Assessment
$1,163,542 CAD
Improvements Assessment
$2,472,527 CAD
Total Assessment
$3,636,069 CAD
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1148 Stanley Ave
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