1817 Stanley Ave 5 Unit Apartment Building $1,495,000 ($299,000/Unit) 5.95% Cap Rate Signal Hill, CA 90755

The Offering
1817 Stanley Avenue is a well-located 5-unit multifamily opportunity in the highly desirable, supply-constrained enclave of Signal Hill—an independent city within Long Beach known for its favorable tax structure, strong demographics, and consistent rental demand.
The property is comprised of: front two-story building with (2) studio units; rear two-story building with (2) 3BD/2BA units and a two-car garage; and (1) 1BD/1BA + Den House with a private yard. All units have been renovated with new flooring, updated kitchens with news appliances, and modern bathrooms.
Capital Improvements
In addition to remodels on all units, the property benefits from updated plumbing lines, new gas lines, and two new water heaters. Additionally new stairs were installed and new roofing on multiple buildings.
Signal Hill Advantage
Signal Hill’s fundamentals further enhance the investment profile. The city’s median household income of approximately $113,000 and homeownership rate near 50% support a stable renter base with strong purchasing power. Combined with Long Beach’s broader market dynamics—3.1% vacancy, 22.3% cumulative rent growth over the past three years, and limited new supply—the property is well-positioned for continued income growth and long-term appreciation.
Situated near major freeways including the I-405, I-710, and SR-91, residents benefit from convenient access to major employment centers such as the Port of Long Beach, CSULB, and surrounding business hubs. Signal Hill’s unique combination of central location, lower operating cost structure (no utility tax or Mello-Roos), and strong quality of life continues to attract and retain tenants, reinforcing the durability of the submarket.
Investment Positioning
1817 Stanley Avenue offers a well-executed asset where a majority of capital improvements and interior renovations have already been completed, allowing a new owner to step into immediate, stable cash flow. Additionally, two units may be delivered vacant upon close-of-escrow, allowing a new owner to establish rents at current market levels from day one.