1503 N Stanton Place, Long Beach, CA — listing photo 1
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FOR SALENew Listing

1503 N Stanton Place

Long Beach, CA 90804
20 Beds
10 Baths
6,710 Sq Ft
Built 1960
$2,375,000

Property Overview

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.

Home Details

Property type
Residential Income
Year built
1960
Living area
6,710 sq ft
Lot size
9,011 sq ft
Days on market
8
MLS status
Active
Zoning
LBR2N

Features & Amenities

Parking

  • Driveway Down Slope From Street

Community, Schools & Utilities

Utilities

Heating
None
Cooling
None
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Location & Neighborhood

1503 N Stanton Place

Long Beach, CA 90804

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Frequently Asked Questions About 1503 N Stanton Place

Property type: Residential Income

The current asking price is $2,375,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 1503 N Stanton Place. Our team will confirm availability and timing.
This 20 bedrooms and 10 bathrooms property offers approximately 6,710 square feet of living space. It was built in 1960. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.
The MLS currently reports the property as Active. It has been listed for 8 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Taylor Avakian
MLS ID: CLW-C138326

Available property

$2,375,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.