W
Seller's Agent in 2020
William Smith
Bryant Drive Properties, Inc.
(562) 607-8580
7 Total Sales
1616 N Stanton Place Long Beach, CA 90804
Central NeighborhoodEstimated Value: $1,193,000 - $1,403,026
6
Beds
5
Baths
3,100
Sq Ft
$425/Sq Ft
Est. Value
Highlights
- Built in 2018 | Newly Remodeled
- Open Floorplan
- Granite Countertops
- Woodrow Wilson High School Rated A
- Wood Flooring
- No HOA
About This Home
As of October 2020Did you say POSITIVE CASH FLOW.......this recently built / renovated property produces it!! Newer construction means fewer repairs for the foreseeable future. The rear home was built brand new in 2018. The front house, built in 1948, was substantially renovated (kitchen, baths, windows, flooring, doors, tankless water heater, landscaping). There is a brand new 4-car garage off of the alley - 2 garages per home. Both houses have private yards and separate access from the garage and street. The front house is single story, has 3 bedrooms, plus an office, and 2 full baths. The rear home is two story, has 3 bedrooms (all upstairs) and 2.5 baths. Both units are rented (one has a lease thru 5/31/2021 and the other is MTM) and generates over $6,000 per month! Landlord only pays property taxes, insurance and gardener and that is it. Super low operating expenses as both houses are separately metered for electricity, gas, water and trash. This is a cash cow and it will only get better with time.
Last Agent to Sell the Property
Bryant Drive Properties, Inc. License #01431853 Listed on: 08/21/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2018 | Newly Remodeled
Lot Details
- 8,503 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
- On-Hand Building Permits
Parking
- 4 Car Garage
- 2 Open Parking Spaces
- Parking Available
- Rear-Facing Garage
- Two Garage Doors
- Garage Door Opener
Home Design
- Turnkey
- Copper Plumbing
Interior Spaces
- 3,100 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wired For Data
- Ceiling Fan
- Recessed Lighting
- Double Pane Windows
Kitchen
- Free-Standing Range
- Water Line To Refrigerator
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Mirrored Closets Doors
- 5 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Laundry in Kitchen
Location
- Urban Location
Utilities
- Forced Air Heating and Cooling System
- Tankless Water Heater
Listing and Financial Details
- Tenant pays for electricity, sewer, trash collection, water
- Legal Lot and Block 15 / 4
- Tax Tract Number 17
- Assessor Parcel Number 7260013017
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 2 Units
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Gardener Expense $1,800
- Insurance Expense $1,200
- New Taxes Expense $12,000
- Operating Expense $15,000
- Gross Income $72,300
- Net Operating Income $61,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 21, 2020
Closed on
Oct 5, 2020
Sold by
Modern Design Builders Inc
Bought by
Fu Chee and Fu Yasuyo
Seller's Agent
William Smith
Bryant Drive Properties, Inc.
Buyer's Agent
Jack Mangin
Real Brokerage Technologies
List Price
$1,045,000
Sold Price
$1,000,000
Premium/Discount to List
-$45,000
-4.31%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,007
Avg. Annual Appreciation
5.48%
Purchase Details
Listed on
Jan 19, 2017
Closed on
Feb 1, 2017
Sold by
Trainer Lyle Blade and Pena Juan Moya
Bought by
Modern Design Builders Inc
Seller's Agent
JUAN MOYA
Century 21 TheVegaTeam
Buyer's Agent
JUAN MOYA
Century 21 TheVegaTeam
List Price
$4,149,000
Sold Price
$411,400
Premium/Discount to List
-$3,737,600
-90.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.13%
Purchase Details
Closed on
May 15, 2009
Sold by
Trainer Lyle Blade and Pena Juan Moya
Bought by
Trainer Lyle Blade and Pena Juan Moya
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,648
Interest Rate
4.8%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 5, 2008
Sold by
Ortega Peter and Ortega Gloria
Bought by
Trainer Lyle Blade and Pena Juan Jose Moya
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,245
Interest Rate
6.16%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 28, 2005
Sold by
Navarrete Michael
Bought by
Ortega Peter and Ortega Gloria
Purchase Details
Closed on
Jun 1, 2004
Sold by
Navarrete Mike Henry
Bought by
Navarrete Michael Henry and The Michael Henry Navarrete Tr
Purchase Details
Closed on
Dec 2, 1994
Sold by
Navarra R A and Navarrete Mike Henry
Bought by
Navarrete Mike Henry
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fu Chee | $1,000,000 | Stewart Title Of Ca Inc | |
| Modern Design Builders Inc | $411,500 | None Available | |
| Trainer Lyle Blade | -- | Stewart Title Of California | |
| Trainer Lyle Blade | $365,000 | Orange Coast Title | |
| Ortega Peter | -- | -- | |
| Navarrete Michael | -- | -- | |
| Navarrete Michael Henry | -- | -- | |
| Navarrete Mike Henry | -- | World Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Trainer Lyle Blade | $365,648 | |
| Previous Owner | Trainer Lyle Blade | $360,245 | |
| Closed | Navarrete Mike Henry | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/21/2020 10/21/20 | Sold | $1,000,000 | -3.8% | $323 / Sq Ft | |
| 09/30/2020 09/30/20 | Pending | -- | -- | -- | |
| 09/18/2020 09/18/20 | Price Changed | $1,040,000 | -0.5% | $335 / Sq Ft | |
| 08/21/2020 08/21/20 | For Sale | $1,045,000 | 0.0% | $337 / Sq Ft | |
| 05/01/2018 05/01/18 | Rented | $3,000 | 0.0% | -- | |
| 04/27/2018 04/27/18 | For Rent | $3,000 | 0.0% | -- | |
| 02/09/2017 02/09/17 | Sold | $411,400 | -0.8% | $390 / Sq Ft | View Prior Sale |
| 01/20/2017 01/20/17 | Price Changed | $414,900 | -90.0% | $393 / Sq Ft | |
| 01/19/2017 01/19/17 | For Sale | $4,149,000 | -- | $3,929 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,756 | $1,082,430 | $649,458 | $432,972 |
| 2024 | $13,756 | $1,061,207 | $636,724 | $424,483 |
| 2023 | $13,530 | $1,040,400 | $624,240 | $416,160 |
| 2022 | $12,699 | $1,020,000 | $612,000 | $408,000 |
| 2021 | $12,447 | $1,000,000 | $600,000 | $400,000 |
| 2020 | $8,679 | $678,575 | $349,242 | $329,333 |
| 2019 | $8,579 | $665,271 | $342,395 | $322,876 |
| 2018 | $5,386 | $419,628 | $335,682 | $83,946 |
| 2016 | $4,774 | $397,049 | $317,642 | $79,407 |
| 2015 | $4,345 | $370,000 | $296,000 | $74,000 |
| 2014 | $3,604 | $300,000 | $240,000 | $60,000 |
Source: Public Records
Agents Affiliated with this Home
-
William Smith
-
Jack Mangin
Buyer's Agent in 2020
Jack Mangin
Real Brokerage Technologies
(310) 866-8871
113 Total Sales
-
J
Seller's Agent in 2017
JUAN MOYA
Century 21 TheVegaTeam
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20172128
APN: 7260-013-017
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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