
Long Beach, California 90804
This triplex presents a Strong Value Opportunity with a List Price of $900,000—positioned well below the $964,091 Fair Market Value by 6%. This valuation gap offers $64,091 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the property offers a stable diversified unit mix with immediate cash flow. It is an ideal acquisition for Buy-and-Hold Investors or value-add operators seeking to modernize interiors and capture further rent growth in a high-demand Long Beach location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1636 N Stanton Subject | $900,000* List Price | 0 | 0 | 2,392 | $403 | - |
A 1058 Dawson Sold | $930,000 | 0 | 0 | 2,119 | $439 | 0.5 mi |
B 743 Ohio Sold | $973,000 | 0 | 0 | 2,128 | $457 | 0.8 mi |
C 1425 Park Sold | $1,100,000 | 6 | 4 | 2,680 | $410 | 1.0 mi |
D 1140 Orizaba Avenue Active Under Contract | $1,080,000 List Price | 0 | 0 | 2,381 | $454 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1912, the property shows signs of a mid-range renovation likely completed 15-25 years ago, evidenced by the oak cabinetry and granite countertops. While the units are functional and currently occupied, the finishes are dated, and the age of the structure suggests that core systems (HVAC/Electric) and interiors will require updates to reach modern standards and peak market rents.
Elementary School: Fremont Elementary School (9/10).
The property features a varied mix of one, two, and three-bedroom units, which reduces vacancy risk and appeals to a broad range of tenant profiles compared to uniform unit buildings.
Offering a 5.93% going-in cap rate with $6,470 in current monthly rent, the property provides immediate and attractive cash flow for investors in the Long Beach market.
Originally built in 1912, the century-old structure may necessitate higher ongoing maintenance reserves and potential capital expenditures for aging systems and infrastructure.
Current rents are already performing near projected market levels, leaving limited immediate upside for significant income growth without further renovation or market shifts.
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.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.9 |
| Baths | 0.0 | 4.4 |
| Square foot | 2,392 | 2,300.724 |
| Lot Size | 4,261 | 5,277.379 |
| Price | $900.0K | $1.24M |
| Price per sq ft | $376 | $513 |
| Built year | 1912 | 1949 |
| HOA | $0 | $0 |
| Days on market | 23 | 74 |
Aug 17, 2026
$900,000
Initial Listing
Apr 29, 2009
$220,500
Public Record
Aug 3, 2005
$550,000
Public Record
Jun 30, 1995
$110,000
Public Record