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6,710 sqft

$2,375,000

1503 N Stanton Place, Long Beach CA, 90804

Price per sqft$353.95
Built in1960
Property size6,710 sqft
Property typeOther

Overview

Active

Listed Oct 19, 2026

Updated 3 days ago

1503 Stanton Pl | 10-Unit Multifamily, Long Beach. This 1960-built asset totals 6,710 SF across a front and rear building on a 10,736 SF R-2-N lot in Long Beach's Zaferia neighborhood, a short walk from neighborhood shopping and 1.2 miles from Long Beach City College. The property features (10) 2BR/1BA units averaging 671 SF. Eight of 10 units are occupied at an average rent of $2,008 against a $2,095 market rent, and Units 1 and 4 are delivered vacant for the buyer to lease at market. Offered at $2,375,000 ($237,500/unit | $353.95/SF) with a 7.13% cap rate at lease-up, the real story is yield: a cap rate above every comparable sale reporting one, with a 7.48% pro forma reached through natural turnover and no renovation program.

$15,801/mo

Est. mortgage payment based on a $2,375,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CL26104747

Interior Features

Basement
No

Exterior Features

Lot Size
0.21 Acres
MLS provider logo

Listed by Taylor Avakian, Freddie Gershinson with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 916-996-4421 

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