Triplex Multifamily
For Sale
$900,000
1636 N Stanton, Long Beach, CA 90804
Compact residential income property with three distinct floor plans and established rental operations.
Property Size2,392 SF
Days on Market16
Property Features for 1636 N Stanton
General Information
Standard status
Active
Size
2,392 SF
Property subtype
Investment
Building Details
Building Size
2,392 SF
Year Built
1912
Units
3
Listing Agency:
Stepp Commercial
(310) 774-3740
Listed By:
Robert Stepp · License #01456379
(310) 774-3740
Source:
Elliman
Added: Aug 18
Changed: Aug 21
Last Checked: Sep 1 at 8:18PM
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 Stepp Commercial
Investment Insights
Based on property information with market context.
This 1912-built triplex in Long Beach contains three residential units: one 1BD/1BA, one 2BD/1BA, and one 3BD/1BA. The combination provides multiple bedroom configurations within a compact multifamily asset, while the existing tenancy produces in-place rental income. The property is located at 1636 N Stanton, Long Beach, CA 90804.
Walk Score is 89, rated Very Walkable, and Bike Score is 82, rated Very Bikeable. Transit Score is 48, rated Some Transit. Financial performance includes a 5.93% going-in cap rate. The property offers a small-scale multifamily configuration with varied unit sizes and established operating history.
Walk Score is 89, rated Very Walkable, and Bike Score is 82, rated Very Bikeable. Transit Score is 48, rated Some Transit. Financial performance includes a 5.93% going-in cap rate. The property offers a small-scale multifamily configuration with varied unit sizes and established operating history.
Key Highlights
- Three‑unit configuration with 1BD/1BA, 2BD/1BA, and 3BD/1BA apartments
- 5.93% going‑in cap rate
- Built in 1912
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,430
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,028,600
$1.0M
Cap Rate 7%
$734,714
$734.7K
Cap Rate 9%
$571,444
$571.4K
Market Conditions
NOI Build-Up for 2,392 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.5K $32.40/SF
− Vacancy
−$4.0K −$1.68/SF
EGI
$73.5K $30.72/SF
− OpEx
−$22.0K −$9.21/SF
NOI
$51.4K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,028,600
Cap Rate 7%
$734,714
Cap Rate 9%
$571,444
Alternative Uses
Best Use
Multifamily LT 5
$734.7K
$642.9K – $857.2K
NOI $51,430 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$653.5K
$571.8K – $762.4K
NOI $45,743 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,647 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,567
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Compact residential income property with three distinct floor plans and established rental operations.
Where is this triplex located?
The property is located at 1636 N Stanton Long Beach, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three‑unit configuration with 1BD/1BA, 2BD/1BA, and 3BD/1BA apartments; 5.93% going‑in cap rate; Built in 1912
