NOT LISTED FOR SALE

1628 N Stanton Place Long Beach, CA 90804

Central Neighborhood

Estimated Value: $1,063,537 - $1,265,000

6 Beds
3 Baths
3,212 Sq Ft
$366/Sq Ft Est. Value

Last Sold September 17, 2018

Last sale price $875,000 $272 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,332/month

127 Days on Market

Highlights

  • Lawn
  • No HOA
  • 4 Car Garage
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of September 2018

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 tenants

The 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.

Last Agent to Sell the Property

Chris White

Centennial Advisers License #01445690 Listed on: 04/12/2018

Last Buyer's Agent

Kevin Fitzpatrick

Coldwell Banker Realty License #01209671

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Back Yard

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Property Attached

Interior Spaces

  • 3,212 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 14
  • Tax Tract Number 5751
  • Assessor Parcel Number 7260013016

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $899
  • Maintenance Expense $2,600
  • Other Expense $800
  • Pest Control $720
  • Professional Management Expense $3,465
  • Trash Expense $600
  • Water Sewer Expense $1,400
  • New Taxes Expense $10,938
  • Operating Expense $21,688
  • Gross Income $1,800
  • Net Operating Income $39,688

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

8,712 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.50
  • Professional Management Expense: 3465.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1400.00
  • Property Type: Residential Income
  • Parcel Number: 7260013016
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 272.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 720.00
  • Sewer: Public Sewer
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn
  • Lot Size Sq Ft: 8712.00

Multi Family

  • Gross Income: 1800.00
  • Gross Multiplier: 13.90
  • Gross Scheduled Income: 63000.00
  • Insurance Expense: 899.00
  • Maintenance Expense: 2600.00
  • Net Operating Income: 39688.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 21422.00
  • Other Expense: 800.00
  • Other Expense Description: Misc.
  • Rent Control: No
  • Total Actual Rent: 5100.00
  • Total Expenses: 21688.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 10938.00
  • Tax Lot: 14
  • Tax Tract Number: 5751.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2018
Closed on
Aug 21, 2018
Sold by
Terry John E and Terry Jeannie M
Bought by
Muschen Markus and The Markus Muschen Living Trus
Seller's Agent
Chris White
Centennial Advisers
Buyer's Agent
Kevin Fitzpatrick
Coldwell Banker Realty
List Price
$875,000
Sold Price
$875,000
Current Estimated Value
$1,175,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,384
Avg. Annual Appreciation
3.99%
Original Mortgage
$602,000
Outstanding Balance
$522,813
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$652,571

Purchase Details

Closed on
Oct 23, 2014
Sold by
Terry John E and Terry Jeannie M
Bought by
Terry Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2014
Sold by
Lantz Crista
Bought by
Lantz John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2007
Sold by
Terry Matthew and Terry John
Bought by
Terry Matthew and Terry John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,600
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2007
Sold by
Pullman Dawne K Steele and The Dolphin 1992 Trust
Bought by
Terry Matthew and Terry John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,600
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Muschen Markus $860,000 Ticor Title Company
Terry Family Trust -- Chicago Title Company
Terry John E -- Chicago Title Company
Lantz John -- Chicago Title Company
Terry Matthew -- Chicago Title Co
Terry John -- Chicago Title Co
Terry Matthew $602,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muschen Markus $602,000
Previous Owner Lantz John $468,000
Previous Owner Terry Matthew $481,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2018 09/17/18 Sold $875,000 0.0% $272 / Sq Ft
04/12/2018 04/12/18 For Sale $875,000 -- $272 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,618 $959,341 $669,309 $290,032
2024 $12,618 $940,532 $656,186 $284,346
2023 $12,406 $922,091 $643,320 $278,771
2022 $11,657 $904,011 $630,706 $273,305
2021 $11,418 $886,287 $618,340 $267,947
2019 $11,256 $860,000 $600,000 $260,000
2018 $9,249 $708,842 $470,995 $237,847
2017 $9,152 $694,944 $461,760 $233,184
2016 $8,507 $681,318 $452,706 $228,612
2015 $8,172 $671,085 $445,906 $225,179
2014 $8,129 $657,941 $437,172 $220,769
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Chris White

    Centennial Advisers

  • K

    Buyer's Agent in 2018

    Kevin Fitzpatrick

    Coldwell Banker Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18126031

California Regional Multiple Listing Service (CRMLS)

APN: 7260-013-016

California Los Angeles County Long Beach 90804 Central

1628 N Stanton Place, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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