Long Beach, CA 90804,1616 N Stanton PL
Long Beach, CA 90804,1616 N Stanton PL
Long Beach, CA 90804,1616 N Stanton PL
6
$1,000,000
$1,040,000
3.8%
Est.Price: ?

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8,712 Sqft Lot

1616 N Stanton PL Long Beach, CA 90804

Est. payment /mo
SOLD DATE : 10/21/2020

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Key Details

Sold Price $1,000,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Other (Othr)

MLS Listing ID PW20172128

Sold Date 10/21/20

Construction Status Building Permit,Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 2018

Lot Size 8,712 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR2N

Interior

Interior Features Ceiling Fan(s), Granite Counters, Open Floorplan, Recessed Lighting, Wired for Data

Heating Central, Forced Air

Cooling Central Air

Flooring Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Free-Standing Range, Disposal, Tankless Water Heater, Water To Refrigerator

Laundry In Garage, In Kitchen

Exterior

Garage Door-Multi, Garage, Garage Door Opener, Garage Faces Rear

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Urban

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction Yes

Construction Status Building Permit,Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 7260013017

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

Read Less


California Regional MLS (CRMLS)
Listed by William Smith • Bryant Drive Properties, Inc.
Bought with John (Jack) Mangin • BerkshireHathaway HomeServices

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Justin Jenewein

Agent | License ID: 02024855

+1(818) 336-8567

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