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1616 N Stanton Place

Long Beach, CA 90804

– beds
– baths
– sqft
8,503 sqft lot
2018 build
– on site

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Did 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.

Listed By CRMLS_CA / William Smith / Bryant Drive Properties, Inc.

Last checked: Checking… • Last updated May 3, 2024 •

MLS# PW20172128 —

The Building

Year Built:

2018
Year Built Source:

Builder
New Construction:

Yes
Common Walls:

No Common Walls
Building Area Total:

3100.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

2
Stories Total:

2
# of Separate Gas Meters:

2
# of Separate Water Meters:

2
# of Separate Electric Meters:

2

Interior

Features:

Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Open Floorplan, Recessed Lighting, Wired for Data
Levels:

One, Two
Door Features:

Mirror Closet Door(s)
Window Features:

Double Pane Windows
Flooring:

Tile, Wood
Fireplace:

No
Fireplace:

None
Laundry:

In Garage, In Kitchen
Laundry:

1

Location

Directions:

PCH to Junipero, head south, turn right on 17th st, turn left on Stanton Place
Latitude:

33.78761500
Longitude:

-118.16431100

The Property

Property Condition:

Building Permit, Turnkey, Updated/Remodeled
Zoning:

LBR2N
Lot Features:

2-5 Units/Acre
Lot Size Area:

8503.0000
Lot Size Acres:

0.1952
Lot Size SqFt:

8503.00
Lot Size Source:

Owner
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

4
Tax Census Tract:

5751.01
Tax Tract:

017
Tax Lot:

15

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7260013017

Heating & Cooling

Heating:

1
Heating:

Central, Forced Air
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Dishwasher, Free-Standing Range, Disposal, Tankless Water Heater, Water Line to Refrigerator
Included:

Yes

The Community

Subdivision:

Other (OTHR)
Subdivision:

NONE
Senior Community:

No
Features:

Urban
Pool:

None
Private Pool:

No
Association:

No

Parking

Parking:

Yes
Parking:

Garage Faces Rear, Garage - Two Door, Garage Door Opener
Parking Spaces:

6.00
Garage Spaces:

4.00
Uncovered Spaces:

2.00

Extra Units

Number With Carpet:

3
Number With Disposal:

2
Number With Dishwasher:

2

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Sale history

Date	Event	Source	Price	% Change
10/21/20 Oct 21, 2020	Sold	CRMLS_CA	$1,000,000	-3.8%
10/12/20 Oct 12, 2020	Pending	CRMLS_CA	$1,040,000
10/2/20 Oct 2, 2020	Sold Subject To Contingencies	CRMLS_CA	$1,040,000

Multifamily Sold on 10/21/2020

$1,000,000

Listing provided by broker:

William Smith

Bryant Drive Properties, Inc.

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Listing Courtesy of: CRMLS_CA and Bryant Drive Properties, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 21:44 on May 04.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

1616 N Stanton Place

Long Beach, CA 90804