$3,225,000
SOLD MAY 9, 2025
3 Beds
2 Baths
8,475 Sq Ft
0.45 Acres

Recently Sold

$381 Per Sq Ft

4% Below List Price

32 Days on Market

Highlights

  • 0.45 Acre Lot
  • Quartz Countertops
  • Balcony
  • Western High School Rated A-
  • No HOA
  • Double Pane Windows

About This Home

As of May 2025

5.81% Current CAP Rate. We are proud to present 7862 2nd St, located in the City of Stanton. Built in 1971, this eleven-unit two-story garden-style walk-up consists of one- and two-bedroom units. The property’s exterior and interiors have been renovated in 2024, leaving an investor a desirable asset with good in place rents. The exterior has new paint, double-pane vinyl windows, clean landscaping, wall air-conditioning, and attractive curb appeal. There are eleven garages and nine surface spots, giving the property twenty total parking for tenants. There is a leased on-site laundry room, and the garage doors are all new. Near the rear of the building there is some seating for tenants, and the upper units have balconies. The building is an electric building, so there is no gas expense. The property is separately metered for electricity, and units have security screen doors.The property is conveniently located off Beach Boulevard and less than 5 miles from Disneyland Resort, Disney California Adventure Park, and less than 3 miles from The Source OC Shopping center, Medieval Times, Knott’s Berry Farm, Ralphs, Target, and Whole Foods Market.

Last Agent to Sell the Property

Mark Bridge

Mark Bridge, Broker Brokerage Email: Mark.Bridge@matthews.com License #01316702 Listed on: 03/21/2025

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 0.45 Acre Lot
  • 1 Common Wall
  • Paved or Partially Paved Lot
  • Sprinklers on Timer
  • Density is 11-15 Units/Acre

Parking

  • 11 Car Garage
  • 9 Open Parking Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 8,475 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Vinyl Flooring

Kitchen

  • Electric Oven
  • Electric Range
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 40
  • Tax Tract Number 868
  • Assessor Parcel Number 07923205

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Building Details

  • 11 Leased Units
  • 12 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $1,650
  • Gardener Expense $3,000
  • Insurance Expense $5,500
  • Maintenance Expense $5,500
  • Other Expense $6,681
  • Pest Control $1,200
  • Professional Management Expense $6,000
  • Trash Expense $2,500
  • Water Sewer Expense $2,890
  • New Taxes Expense $37,185
  • Operating Expense $72,106
  • Gross Income $266,592
  • Net Operating Income $194,486

Property Details

Home Type

Multi-Family

Year Built

Built in 1971 | Remodeled

Lot Details

0

Parking

11

Listing Details

  • CapRate: 5.81
  • Price Per Unit: 304545
  • Professional Management Expense: 6000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2890.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 3000.00
  • Parcel Number: 07923205
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Ceiling Fan(s), Quartz Counters
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Vinyl
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 380.53
  • Window Features: Double Pane Windows

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 11.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 20.00
  • Uncovered Spaces: 9.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Disposal, Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 2500.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Gutters, Park, Sidewalks, Storm Drains, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre, Paved, Sprinklers Timer
  • Lot Size Sq Ft: 19602.00
  • Lot Size Acres: 0.4500

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 725 Square Feet
  • Average2 Bed Area: 975 Square Feet
  • Electric Expense: 1650.00
  • Gross Income: 266592.00
  • Gross Multiplier: 12.24
  • Gross Operating Income: 266592.00
  • Gross Scheduled Income: 273600.00
  • Gross Spendable Income: 194486.00
  • Insurance Expense: 5500.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1200.00
  • Lot Size Area: 19602.0000 Square Feet
  • Maintenance Expense: 5500.00
  • Net Operating Income: 194486.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 11
  • Number Of Units Total: 11
  • Number Wall A C: 11
  • Number With Disposal: 11
  • Number With Range: 11
  • Operating Expense: 72106.00
  • Other Expense: 6681.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Actual Rent: 22800.00
  • Total Expenses: 72106.00
  • Vacancy Allowance: 8208
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 37185.00
  • Tax Census Tract: 878.02
  • Tax Lot: 40
  • Tax Tract Number: 868

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
05/09/2025 05/09/25 Sold $3,225,000 -3.7% $381 / Sq Ft
04/22/2025 04/22/25 Pending -- -- --
03/21/2025 03/21/25 For Sale $3,350,000 +32.7% $395 / Sq Ft
12/07/2023 12/07/23 Sold $2,525,000 -10.0% $298 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
08/28/2023 08/28/23 For Sale $2,805,000 0.0% $331 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
07/31/2023 07/31/23 For Sale $2,805,000 -- $331 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25030242

California Regional Multiple Listing Service (CRMLS)