Log In/Sign Up
Your email has been sent.
1636 N Stanton Pl 3 Unit Apartment Building $1,252,854 CAD ($417,618 CAD/Unit) 5.93% Cap Rate Long Beach, CA 90804
Investment Highlights
- Strong In-Place Cash Flow - 5.93% In-Place Cap Rate
- Balanced Mix of One, Two, and Three Bedroom Units
- Desirable Eastside Long Beach Submarket - Central Location, Close to Restaurants & Freeways
- Below-Market Rents Provide Income Growth Potential
- New Copper Plumbing Throughout; New Front Porch; Private Yard in Front; Gated Parking in Rear
Executive Summary
Strong In-Place Cash Flow
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.
Below-Market Rents Provide Income Growth 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.
Manageable Three-Unit Investment
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.
Compelling Combination of Yield and Future Growth
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 potential, larger two- and three-bedroom floor plans, and a $300,000-per-unit basis. As rents move toward projected market levels, investors have the opportunity to enhance NOI and overall property value while benefiting from strong in-place cash flow.
- 5.93% Going In Cap Rate
- Diversified Mix of One, Two, and Three Bedroom Units
- New Copper Plumbing Throughout; New Front Porch
- Private Yard in Front; Gated Parking in Rear
- Desirable Eastside Long Beach Submarket - Central Location, Close to Restaurants & Freeways
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.
Below-Market Rents Provide Income Growth 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.
Manageable Three-Unit Investment
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.
Compelling Combination of Yield and Future Growth
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 potential, larger two- and three-bedroom floor plans, and a $300,000-per-unit basis. As rents move toward projected market levels, investors have the opportunity to enhance NOI and overall property value while benefiting from strong in-place cash flow.
- 5.93% Going In Cap Rate
- Diversified Mix of One, Two, and Three Bedroom Units
- New Copper Plumbing Throughout; New Front Porch
- Private Yard in Front; Gated Parking in Rear
- Desirable Eastside Long Beach Submarket - Central Location, Close to Restaurants & Freeways
Property Facts
| Price | $1,252,854 CAD | Property Subtype | Apartment |
| Price Per Unit | $417,618 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.93% | Building Size | 2,392 SF |
| Gross Rent Multiplier | 11.42 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1912 |
| Property Type | Multifamily | ||
| Zoning | LBR2N - Two Family Dwellings | ||
| Price | $1,252,854 CAD |
| Price Per Unit | $417,618 CAD |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| Gross Rent Multiplier | 11.42 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,392 SF |
| No. Stories | 2 |
| Year Built | 1912 |
| Zoning | LBR2N - Two Family Dwellings |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | - | 992 |
| 2+1 | 1 | - | 800 |
| 1+1 | 1 | - | 600 |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1636 N Stanton Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.