20
Bedrooms
$2,375,000
FOR SALE1503 N Stanton Place
Long Beach, CA
MLS# 26104747
6,710 Sq Ft20bd • 10ba
10 days on marketNalren refreshed
Listing Agent
Taylor Avakian
Listing Agent
Lyon Stahl Investment Real Estate, Inc.
DRE #: 02060040
(310) 425-9838Brokerage: Lyon Stahl Investment Real Estate, Inc.
Freddie Gershinson
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc.
DRE #: 02254744
Brokerage: Lyon Stahl Investment Real Estate, Inc.
Property Details
10
Bathrooms
6,710 sqft
Square Feet
1960
Year Built
0.21 acres
Lot Size
$354
Price/Sq Ft
N/A
Garage Spaces
N/A
HOA
N/A
Property Type
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.
Facts & Features
Building
- Year Built
- 1960
- Living Area
- 6,710 sqft
- Building Area Total
- 6,710
- Levels
- Multi Split
- Stories Total
- 0
Utilities
- Heating
- None
- Cooling
- None
Parking
- Parking Features
- Driveway Down Slope From Street
- Parking Total
- 0
Community / HOA
- HOA
- No
Natural Hazard Information
Earthquake data is shown from a real public source (USGS)
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Closed sales reported in 90804, nearest first, last 12 months. All recent sales in Long Beach →
CRMLS
MLS# 26104747
Listed:
Nalren refreshed:
Last updated
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Listed by: Lyon Stahl Investment Real Estate, Inc.
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
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Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.