Courtesy of: Robert Stepp, Keller Williams Realty Downey, rstepp@steppcommercial.com
Courtesy of: Robert Stepp, Keller Williams Realty Downey, rstepp@steppcommercial.com
$900,000
|
6 bed
|
|
3.00 Bath (3 Full)
|
|
Lot: 0.10 Acres
|
|
Triplex
|
$900,000
1636 N Stanton 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 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.
Courtesy of: Robert Stepp, Keller Williams Realty Downey, rstepp@steppcommercial.com
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.