1503 N Stanton Place, Long Beach, CA 90804

Long Beach
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1503 N Stanton Place,Long Beach, CA 90804
$2,375,000
  • 20 Beds
  • 10 Baths
  • 6,710 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian, freddie gershinson
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26104747
Source:CRMLS

Price summary

  • Price:$2,375,000
  • Price per sq. ft.:$353.95

About this home

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.

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Home facts

  • Year built:1960
  • Listing ID #:26104747
  • Added:1 day(s) ago
  • Updated:October 28, 2026 at 12:01 PM

Rooms and interior

  • Bedrooms:20
  • Total bathrooms:10
  • Living area:6,710 sq. ft.

Structure and exterior

  • Year built:1960
  • Building area:6,710 sq. ft.
  • Lot area:0.21 Acres

Finances and disclosures

  • Price:$2,375,000
  • Price per sq. ft.:$353.95

Parking

  • Parking description:Driveway Down Slope From Street
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