10-Unit Apartment
New
For Sale
$2,375,000
1503 N Stanton Place, Long Beach, CA 90804
Two buildings sit on an R-2-N-zoned parcel in Long Beach’s Zaferia neighborhood.
Property Size6,710 SF
Lot Size0.25 Acres
Price / SF$353.95
Days on Market2
Property Features for 1503 N Stanton Place
General Information
Standard status
Active
Size
6,710 SF
Lot size
0.25 Acres
Property subtype
Multi-Family
Zoning
R-2-N
Occupancy
80%
Site & Location
Neighborhood
Central
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Additional Details
Asking Price
$2,375,000
Tenant in Place
Yes
Building Details
Year Built
1960
Buildings
2
Listed By:
Beata Mandell
(310) 701-3808
Source:
Highrisescondos
Added: Oct 28
Last Checked: Oct 28 at 7:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beata Mandell
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Investment Insights
Based on property information with market context.
This 1960-built apartment property comprises 10 units in front and rear buildings, with a combined 6,710 square feet on a 10,736-square-foot lot. Each residence has two bedrooms and one bathroom, averaging 671 square feet. Eight units are occupied; Units 1 and 4 are vacant.
The property is in Long Beach’s Zaferia neighborhood, a short walk from neighborhood shopping and 1.2 miles from Long Beach City College. The parcel is zoned R-2-N.
The property is in Long Beach’s Zaferia neighborhood, a short walk from neighborhood shopping and 1.2 miles from Long Beach City College. The parcel is zoned R-2-N.
Key Highlights
- 10 apartments across front and rear buildings
- 6,710 square feet of building area on a 10,736‑square‑foot lot
- All 10 units have 2 bedrooms and 1 bathroom; average unit size is 671 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,319
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,566,380
$2.6M
Cap Rate 7%
$1,833,129
$1.8M
Cap Rate 9%
$1,425,767
$1.4M
Market Conditions
NOI Build-Up for 6,710 SF
Gross rent
$245.6K $36.60/SF
− Vacancy
−$12.3K −$1.83/SF
EGI
$233.3K $34.77/SF
− OpEx
−$105.0K −$15.65/SF
NOI
$128.3K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,566,380
Cap Rate 7%
$1,833,129
Cap Rate 9%
$1,425,767
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.14M
NOI $128,319 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,476 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
10
Residential units
80%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,713
Businesses Nearby
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Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings sit on an R-2-N-zoned parcel in Long Beach’s Zaferia neighborhood.
Where is this apartment building located?
The property is located at 1503 N Stanton Place Long Beach, CA.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: 10 apartments across front and rear buildings; 6,710 square feet of building area on a 10,736‑square‑foot lot; All 10 units have 2 bedrooms and 1 bathroom; average unit size is 671 square feet
