NOT LISTED FOR SALE
2 Beds
2 Baths
5,202 Sq Ft
0.26 Acres

Last Sold July 19, 2021

Last sale price $1,935,000 $372 Per Sq Ft

29 Days on Market

About This Home

As of July 2021

The 8100 Apartments is a 6 Unit apartment complex built in 1976 in the heart of Stanton, CA. This unique opportunity affords a prospective buyer the ability to purchase an asset in excellent exterior condition with ~30% upside in rents. The property has 6 garages and 8 reserved parking spaces. The Asset’s exterior has been thoroughly renovated in 2021. All 6 units are conditioned for rehabilitation, allowing an astute investor the ability to reposition the in-place rents after renovation. Recent upgrades areas include: exterior paint, landscaping, garage/storage doors, roof upgrades, fencing, and parking lot resurface.

Last Agent to Sell the Property

Randall Mycorn

R L M Equities License #02078223 Listed on: 05/24/2021

Last Buyer's Agent

Hung Hoang

New Empire Realty License #01198103

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.26 Acre Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 8 Open Parking Spaces
  • 6 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 5,202 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 738
  • Assessor Parcel Number 12644325

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Leased Units
  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $450
  • Fuel Expense $1,900
  • Gardener Expense $1,920
  • Insurance Expense $1,821
  • Maintenance Expense $2,400
  • Trash Expense $2,376
  • Water Sewer Expense $3,600
  • New Taxes Expense $23,741
  • Operating Expense $38,208
  • Gross Income $1,800
  • Net Operating Income $63,576

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0.26 Acres

Parking

6

Listing Details

  • CapRate: 3.20
  • Property Attached: Yes
  • Water Sewer Expenses: 3600.00
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 12644325
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 371.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 14.00
  • Uncovered Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 2376.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 11326.00
  • Lot Size Acres: 0.2600

Multi Family

  • Average2 Bed Area: 867 Square Feet
  • Electric Expense: 450.00
  • Fuel Expense: 1900.00
  • Gross Income: 1800.00
  • Gross Multiplier: 19.00
  • Gross Operating Income: 101784.00
  • Gross Scheduled Income: 103824.00
  • Gross Spendable Income: 63576.00
  • Insurance Expense: 1821.00
  • Laundry Income: 1800.00
  • Lot Size Area: 11326.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 63576.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 38208.00
  • Rent Control: Yes
  • Total Actual Rent: 8502.00
  • Total Expenses: 38208.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 23741.00
  • Tax Census Tract: 878.03
  • Tax Lot: 11
  • Tax Tract Number: 738
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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 Prior Sale
07/19/2021 07/19/21 Sold $1,935,000 -2.0% $372 / Sq Ft
05/25/2021 05/25/21 For Sale $1,975,000 +2.1% $380 / Sq Ft
05/24/2021 05/24/21 Off Market $1,935,000 -- --
05/24/2021 05/24/21 For Sale $1,975,000 +30.4% $380 / Sq Ft
02/18/2021 02/18/21 Sold $1,514,625 -2.2% $291 / Sq Ft View Prior Sale
01/21/2021 01/21/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $1,549,000 -- $298 / 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 $23,943 $2,058,743 $1,740,381 $318,362
2024 $23,943 $2,018,376 $1,706,256 $312,120
2023 $23,338 $1,978,800 $1,672,800 $306,000
2022 $23,121 $1,940,000 $1,640,000 $300,000
2021 $14,596 $1,148,795 $857,479 $291,316
2020 $14,503 $1,137,016 $848,687 $288,329
2019 $14,159 $1,114,722 $832,046 $282,676
2018 $13,982 $1,092,865 $815,731 $277,134
2017 $13,508 $1,071,437 $799,737 $271,700
2016 $13,443 $1,050,429 $784,056 $266,373
2015 $13,313 $1,034,651 $772,279 $262,372
2014 $12,688 $1,014,384 $757,151 $257,233
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21110846

California Regional Multiple Listing Service (CRMLS)
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