1628 N Stanton Place

    Long Beach, CA 90804
    • $875,000
    • STATUS: Closed
    • ON SITE: 146 days
    • ID#: PW18126031
    Sold - 09/17/2018
    $875,000
    SOLD - 09/17/2018
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,212
      SQFT
    • $272
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    An Investment in 1628-1632 N Stanton Pl is an opportunity for an investor to invest in 4 rental units in a high demand rental market in central Long Beach. Consisting of three separate buildings and two additional storage sheds, the lot size of 8,503 square feet provides for ample open space within the complex for kids play and socializing.The unit mix consists of (1) 3+1, (2) 2+1, (1) 1+1 in two duplex buildings, The rear building are garages. Each unit has separate utility meters as well as its own water heater, thus lowering owner expenses. The water bill is also allocated between tenantsThe property is located a few blocks south of Pacific Coast Highway between Junipero and Cherry Ave. The location provides easy access to 405 & 710 freeways, Downtown Long Beach, Ports, and Long Beach Airport.

    Sold by Kevin Fitzpatrick of Coldwell Banker Beachside.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-23T09:27:18.63. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84025220

    1628 N Stanton Place Long Beach, CA 90804

    • Price: $875,000
    • Status: Closed
    • Updated: 148 min ago
    • ID#: PW18126031
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,212
    SQFT
    $272
    $/SQFT
    1925
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    An Investment in 1628-1632 N Stanton Pl is an opportunity for an investor to invest in 4 rental units in a high demand rental market in central Long Beach. Consisting of three separate buildings and two additional storage sheds, the lot size of 8,503 square feet provides for ample open space within the complex for kids play and socializing.The unit mix consists of (1) 3+1, (2) 2+1, (1) 1+1 in two duplex buildings, The rear building are garages. Each unit has separate utility meters as well as its own water heater, thus lowering owner expenses. The water bill is also allocated between tenantsThe property is located a few blocks south of Pacific Coast Highway between Junipero and Cherry Ave. The location provides easy access to 405 & 710 freeways, Downtown Long Beach, Ports, and Long Beach Airport.
    Exterior Features

    Garage Spaces 4.00 Lot Features Back YardLawn Lot Size Units Acres Parking Features Garage Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.50 Community Features CurbsGuttersSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 1800.00 Gross Multiplier 13.90 Gross Scheduled Income 63000.00 Insurance Expense 899.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2600.00 Net Operating Income 39688.00 New Taxes Expense 10938.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 21422.00 Other Expense 800.00 Other Expense Description Misc. Pest Control Expense 720.00 Professional Management Expense 3465.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Eastside (Es) Total Actual Rent 5100.00 Total Expenses 21688.00 Trash Expense 600.00 Vacancy Allowance 1890 Vacancy Allowance Rate 3.00 Water Sewer Expense 1400.00 Water Source Public

    Listing provided courtesy of Chris White of Centennial Advisers.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-23T09:27:18.63. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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