#PW24222928, Rick Applebaum, Listing office: Morgan Skenderian
#SB25092114·
Listing office: Lyon Stahl Investment Real Estate, Inc.·
Listing agent: Keaton Quaack·
Listing office phone: 562-743-8204
$2,150,000 List price
938 Stanley Ave Long Beach, CA 90804
0.1 acres
Condo
Property details
About 938 Stanley Ave
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 6.75% as well as a GRM of 9.91 and future upside with a pro forma CAP Rate of 8.00% and GRM of 9.91. 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.
Highlights
Home typeCondominium
HeatingCentral, Wall Furnace
StatusActive
CoolingCentral Air, Wall/Window Unit(s)
Lot size0.1194 Acres
Year built1925
MLS #SB25092114
ViewNeighborhood
Summary
- Appliances: Stove, Dishwasher, Electric Range, Gas Oven, Microwave, Refrigerator, Water Heater
- Flooring Type: Vinyl, Wood
- Interior: Balcony, Ceiling Fan(s), Granite Counters, Pantry, Storage, Bedroom on Main Level
- Private Pool: No
- Parking: None
- View: Neighborhood
- Architectural Style: Craftsman
- Heating: Central, Wall Furnace
- Cooling: Central Air, Wall/Window Unit(s)
- List Price: $2,150,000
- Annual Tax Amount: $16,635
- Tax Year: 2024
- Lot: Corner Lot, Front Yard, Near Public Transit, Rectangular Lot
- Directions: Corner of 10th Street and Stanley Ave
- Year Built: 1925
- Stories: 2
- Lot Size: 0.1194 Acres
- MLS Number: SB25092114
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (562) 743-8204
- Listing Agent: Keaton Quaack
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/28/2025, 4:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 03, 2020 | Home Sold | $1,130,000 |
| Jul 16, 2014 | Home Sold | $1,045,000 |
| Jan 12, 2004 | Home Sold | $225,000 |
| Jul 27, 2001 | Home Sold | $315,000 |
| Mar 02, 1995 | Home Sold | $250,000 |
| Dec 12, 1991 | Home Sold | $310,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,211,944 | $16,635 |
| 2023 | $1,188,189 | $15,838 |
| 2022 | $1,164,899 | $14,875 |
| 2021 | $1,142,066 | $14,563 |
| 2020 | $1,190,672 | $15,075 |
| 2019 | $1,167,327 | $14,654 |
| 2018 | $1,144,440 | $14,500 |
| 2017 | $1,122,000 | $14,500 |
History based on county public records data.
Nearby schools
5
Willard Elementary School
Public District KG-5
0.3 mi
•1055 Freeman Ave
6
Burbank Elementary School
Public District KG-5
0.4 mi
•501 Junipero Ave
6
Nieto Herrera Elementary School
Public District KG-5
0.6 mi
•1620 Temple Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,923. Typical income of Long Beach, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
35%
<35k
52%
35k-100k
12%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
57%
Single, No Kids
14%
Single, with Kids
13%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
31%
18-34 yrs old
44%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 938 Stanley Ave
The listing price of 938 Stanley Ave property is $2,150,000.
The property 938 Stanley Ave is a condo located in Long Beach, California, 90804.
Active Listing: 938 Stanley Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 938 Stanley Ave are: Willard Elementary School (GreatSchools Rating 5/10), Burbank Elementary School (GreatSchools Rating 6/10), Nieto Herrera Elementary School (GreatSchools Rating 6/10), Jefferson Leadership Academies (GreatSchools Rating 7/10), Franklin Classical Middle School (GreatSchools Rating 4/10), Jessie E. Nelson Academy (GreatSchools Rating 4/10), Clear Passage Educational Center (GreatSchools Rating 1/10), Wilson High School (GreatSchools Rating 6/10), Richard D. Browning High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $16,635 (source: MLS/based on county public records data).
The last sale was on February 3, 2020 for $1,130,000 (source: MLS/tax record).
The property at 938 Stanley Ave has 0 bathroom.
The year of construction for 938 Stanley Ave is 1925.
This home is located at 938 Stanley Ave in Long Beach, CA and zip code 90804 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 28, 2025 and is currently priced at $2,150,000.
In June 2025 more than 73 listings in Long Beach, CA were sold above the asking price. During the same period more than 33 listings were sold at asking price, while more than 90 were sold below. In June 2025 in Long Beach, CA there were 4.8% more homes for sale than in May. In June 2025 median list price was $836,224 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.