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$2,375,000
 $12,750 est/mo Sourced by Back At You

1503 N Stanton Place,Long Beach, CA 90804

Long Beach, CA 90804

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Description

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.

Details

MLS #26104747
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site7
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | Taylor Avakian

Features

Bed(s)20
Bath(s)10
SQ Feet6,710
Units10
Building(s)2
ZoningLBR2N
Acreage0.21

Interior

CoolingNone
HeatingNone
Heating Yes / NoNo
Cooling Yes / NoNo

Parking

Parking FeaturesDriveway Down Slope From Street

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90804
Area3 Eastside | Circle Area
Listing VS Median (in 90804)
Price:
$2,375,000
low | high
Med:
$699,000
100% of Average
sqft:
6,710
low | high
Med:
960
100% of Average
$ / sqft:
$354
low | high
Med:
$728
55.714473684211% of Average
On site:
7
low | high
Med:
108
6.481481481481% of Average
Sourced by Back At You

Market Activity 90804

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Learn More About This Property

Roy Rigsby

Roy Rigsby

Desert Lifestyle Properties

01399810 (760) 409-5117roy@desertrealestate4you.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90804
Area3 Eastside | Circle Area
Listing VS Median (in 90804)
Price:
$2,375,000
low | high
Med:
$699,000
100% of Average
sqft:
6,710
low | high
Med:
960
100% of Average
$ / sqft:
$354
low | high
Med:
$728
55.714473684211% of Average
On site:
7
low | high
Med:
108
6.481481481481% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.781M - $2.968M
sqft: 5,000 - 8,000
Nearby Listings Property ImageNearby Listings Details
1512 N Stanton Property Photo 1
$1,999,900
1512 N Stanton
Long Beach, CA 90804
Listing Updated: October 27, 2026 at 1:37:38 AM PDT