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1503 N Stanton Pl, Long Beach, CA 90804

$2,375,000
•
  • 20

    bed

  • 10

    bath

  • 6,710

    Sqft ($354/Sqft)

Multi-family for sale 7 hours
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About 1503 N Stanton Pl

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 9,011 Sqft
Movoto estimate
Property 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.
Listed by
Listing Agent - Taylor Avakian
Listing Office - Lyon Stahl Investment Real Estate, Inc.
Source: The MLS mls logo
MLS#26104747 • last updated 14 hours ago
Movoto checked The MLS for data 7 minutes ago
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Overview
Levels/Style Multi/Split
MLS # 26104747
Type Residential Income
Status Active
SqFt 6710
Lot Size (SqFt) 9011
Lot Size (Acres) 0.2069
Year Built 1960
Interior
Total # of Baths 10
Total # of Bedrooms 20
Exterior
Parking Desc Above Street Level
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LBR2N
APN 7260-014-014
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 20950
Unit 1: # Beds 2
Unit 1: Rent 2205.5
Unit 1: # Baths 1
Unit Type 2106
Unit 1: Actual Rent 20255
Total # Of Buildings 2
Net Operating Income 169302.1
Cap Rate 7.13
Vacancy Rate 20
Gross Income 243060
Gross Operating Income 258352
Gross Rent Multiplier 9.77
Total Annual Expenses 89049.9
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6/10
Lee Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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