NOT LISTED FOR SALE

1726 Stanton Place Long Beach, CA 90804

Central Neighborhood
17 Beds
10 Baths
6,440 Sq Ft
8,502 Sq Ft Lot

Last Sold May 05, 2023

Last sale price $1,564,000 $243 Per Sq Ft

4 Days on Market

Highlights

  • Laundry Room
  • Woodrow Wilson High School Rated A
  • Guest Parking

About This Home

As of May 2023

Don't Miss This Clean Eastside 5 Unit Building With Great Cash Flow At Over A 5% Cap Rate. The Configuration Consists Of Three 3 Bedrooms 2 Bath Units And Two 4 Bedroom 2 Bath Unit. This Property Is Located On A Quiet Cul De Sac With New Fascia Around The Building And A Side Patio Area For Each Unit. This Location Is In A Highly Desired Rental Area Of Long Beach And Proximate To Shopping, Entertainment, Freeways And Cal State Long Beach. Additional Features Include: Separate Gas And Electric Meters For Each Unit, Inside Laundry In Each Unit, 5 Assigned Parking Spaces And An Additional 5 Guest Parking Spaces.

Last Agent to Sell the Property

Brandon Caldarella

First Team Real Estate License #01270581 Listed on: 03/24/2023

First Team Real Estate

Last Buyer's Agent

Brandon Caldarella

First Team Real Estate License #01270581 Listed on: 03/24/2023

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 8,502 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • 6,440 Sq Ft Home
  • Apartment

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 10 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Parking Available
  • Guest Parking
  • Assigned Parking

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 16 / 1
  • Tax Tract Number 575
  • Assessor Parcel Number 7260002014
  • $1,252 per year additional tax assessments

Community Details

Overview

  • 5 Units
  • Eastside Subdivision

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $2,392
  • Pest Control $972
  • Professional Management Expense $6,397
  • Water Sewer Expense $3,108
  • New Taxes Expense $21,600
  • Operating Expense $44,543
  • Gross Income $127,944
  • Net Operating Income $83,401

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • CapRate: 5.20
  • Price Per Unit: 320000
  • Professional Management Expense: 6397.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 3108.00
  • Zoning: LBR2N
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 7260002014
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 242.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned, Guest
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 972.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8502.00
  • Lot Size Acres: 0.1952

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 127944.00
  • Gross Operating Income: 127944.00
  • Gross Scheduled Income: 127944.00
  • Insurance Expense: 2392.00
  • Lot Size Area: 8502.0000 Square Feet
  • Net Operating Income: 83401.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 44553.00
  • Other Income Description: 5000misc
  • Rent Control: Yes
  • Total Expenses: 44543.00
  • Vacancy Allowance: 3838
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21600.00
  • Tax Block: 1
  • Tax Census Tract: 5751.01
  • Tax Lot: 16
  • Tax Tract Number: 575...
  • TaxOtherAnnualAssessmentAmount: 1252.00

Range of Values:

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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 Change Sq Ft Price
05/05/2023 05/05/23 Sold $1,564,000 -2.3% $243 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
03/24/2023 03/24/23 For Sale $1,600,000 -- $248 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brandon Caldarella

    Seller's Agent in 2023

    Brandon Caldarella

    First Team Real Estate

    (562) 427-4748

    1 in this area

    168 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23048566

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90804 Central

1726 Stanton Place, Long Beach, CA

This home is located at 1726 Stanton Place, Long Beach, CA 90804 since 24 March 2023. This property was built in 1971. 1726 Stanton Place is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Creative Arts School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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