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Listed by Robert Stepp, DRE #01456379 • Keller Williams Realty Downey
$ 900,000
Est. payment | /mo
4,261 Sqft Lot
$ 900,000
Est. payment | /mo
4,261 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26179995
Year Built 1912
Lot Size 4,261 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
1636 N. Stanton Place presents the opportunity to acquire a well- located three-unit multifamily property in Long Beach offering attractive in-place cash flow, a diversified unit mix, and additional upside through future rent growth. Offered at $900,000, the property provides investors with a compelling combination of current yield and long-term income potential. The property consists of (1) 1BD/1BA unit, (1) 2BD/1BA unit, and (1) 3BD/1BA unit. Current monthly rents total $6,470, with projected market rents of $6,700 per month. The one-bedroom unit is currently rented at $1,670 compared with a projected market rent of $1,750, while the two-bedroom unit is rented at $2,000 compared with a projected $2,150. With only three units, the property offers investors a manageable multifamily asset with substantially greater income diversification than a single-family or duplex investment while retaining the operational simplicity of a small residential property. The varied unit mix further reduces reliance on any single tenant profile and creates multiple rent points within the property. For investors seeking a smaller multifamily acquisition with immediate income and identifiable upside, 1636 N. Stanton Place offers a compelling combination of a 5.93% going-in cap rate, rental growth pote
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Interior
Laundry Community Facility
Exterior
Garage Spaces 3.0
Pool None
Building
Water District - Public
Others
Tax ID 7260013014
Special Listing Condition Not Applicable
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