NOT LISTED FOR SALE

10605 Lowden St Stanton, CA 90680

16 Beds
12 Baths
7,200 Sq Ft
0.48 Acres

Last Sold June 17, 2021

Last sale price $2,525,000 $351 Per Sq Ft

87 Days on Market

Highlights

  • 0.48 Acre Lot
  • Private Yard
  • Laundry Room
  • Property is near public transit
  • No HOA
  • Tile Flooring

About This Home

As of June 2021

Highly desire orange county rental market, True Pride of Ownership. Upside rental with rental income is around 20%+ below market. Zero Vacancy in the past 25 years. 4 out of 10 units has been completely remodeled. Units mixed with: 1bed/1bath * 6, 2bed/1bath *2, 3bed/2bath *2 on a large and private lot size of 21,000 sqft, which provide plenty of parking and storage if needed. Offer Memorandum is available up on request.

Last Agent to Sell the Property

Long Nguyen

Advance Estate Realty License #01391629 Listed on: 02/13/2021

Last Buyer's Agent

Albert Gomez

T.N.G. Real Estate Consultants License #01919800

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.48 Acre Lot
  • Two or More Common Walls
  • Private Yard
  • 09731325

Home Design

  • Apartment

Interior Spaces

  • 7,200 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Parking

  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 43
  • Tax Tract Number 878
  • Assessor Parcel Number 07931324

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Leased Units
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $220
  • Gardener Expense $1,200
  • Insurance Expense $3,746
  • Maintenance Expense $7,623
  • Professional Management Expense $7,623
  • Trash Expense $2,177
  • Water Sewer Expense $5,559
  • New Taxes Expense $26,733
  • Operating Expense $53,762
  • Gross Income $152,460
  • Net Operating Income $98,698

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 3.72
  • Professional Management Expense: 7623.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5559.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 07931324
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Tile, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 350.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Range, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2177.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights, Urban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 09731325
  • Land Lease: No
  • Lot Features: Near Public Transit, Yard
  • Lot Size Sq Ft: 21000.00
  • Lot Size Acres: 0.4821

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average1 Bed Area: 598 Square Feet
  • Average2 Bed Area: 696 Square Feet
  • Average3 Bed Area: 1100 Square Feet
  • Electric Expense: 220.00
  • Gross Income: 152460.00
  • Gross Operating Income: 152460.00
  • Gross Scheduled Income: 152460.00
  • Insurance Expense: 3746.00
  • Lot Size Area: 21000.0000 Square Feet
  • Maintenance Expense: 7623.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 98698.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 53762.00
  • Rent Control: No
  • Total Actual Rent: 12705.00
  • Total Expenses: 53762.00

Tax Info

  • New Taxes Expense: 26733.00
  • Tax Lot: 43
  • Tax Tract Number: 0878

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2021 06/17/21 Sold $2,525,000 -4.7% $351 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
02/13/2021 02/13/21 For Sale $2,650,000 -- $368 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Long Nguyen

    Seller's Agent in 2021

    Long Nguyen

    Advance Estate Realty

    (714) 894-4306

    4 in this area

    58 Total Sales

    Long Nguyen
    Section Image
  • Albert Gomez

    Buyer's Agent in 2021

    Albert Gomez

    T.N.G. Real Estate Consultants

    (714) 866-2615

    1 in this area

    17 Total Sales

    Albert Gomez
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21028340

California Regional Multiple Listing Service (CRMLS)

APN: 079-313-24

California Orange County Stanton 90680

10605 Lowden St, Stanton, CA

Not Listed for Sale

MultiFamily

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