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1616 N Stanton Pl, Long Beach, CA 90804
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1616 N Stanton Pl Long Beach, CA 90804

$1,000,000 Sold Price as of 10/21/2020
  • 6 Beds
  • 5 Baths
  • 3,100 Sq.Ft.
Sold
$1,000,000 Sold Price as of 10/21/2020 Refinance Your Mortgage
Map preview of 1616 N Stanton Pl, Long Beach, CA 90804

Property Overview: 1616 N Stanton Pl Long Beach, CA has 6 bedrooms, 5 bathrooms, 3,100 living square feet and 8,503 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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 William Smith | BRE #01431853 | Bryant Drive Properties, Inc.
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 40

Home details

Lot Sq. Ft
8,503
HOA Dues
$0/mo
Year built
2018
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW20172128
City
Long Beach
County
Los Angeles
Time on Site
1357 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,175
  • Total Rent: $38,100
  • Pro Forma/Market Rent: $3,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,850
  • Total Rent: $34,200
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,300
  • Net Operating Income: $61,300
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $11,000
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,000
  • Trash: $0
  • Gardener: $1,800
  • Insurance: $1,200
  • Water/Sewer: $0

Property Details for 1616 N Stanton Pl

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central, Forced Air
Laundry Information
  • Has Laundry
  • In Garage, In Kitchen
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Free-Standing Range, Disposal, Tankless Water Heater, Water Line to Refrigerator
Interior Features
  • Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Open Floorplan, Recessed Lighting, Wired for Data
  • Levels: One, Two
  • Window Features: Double Pane Windows
  • Door Features: Mirror Closet Door(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Garage Faces Rear, Garage - Two Door, Garage Door Opener
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Owner
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7260013017
  • Year Built Source: Builder
  • Property is not Attached
  • Property Condition: Building Permit, Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: NONE
  • Directions: PCH to Junipero, head south, turn right on 17th st, turn left on Stanton Place
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 1616 N Stanton Pl

Last sold for $1,000,000 on October 21st, 2020

  • October, 2020

  • Oct 22, 2020

    Date

    Sold

    CRMLS: PW20172128

    $1,000,000

    Price

  • Oct 12, 2020

    Date

    Pending

    CRMLS: PW20172128

    $1,040,000

    Price

  • Oct 2, 2020

    Date

    Active Under Contract

    CRMLS: PW20172128

    $1,040,000

    Price

  • Sep 18, 2020

    Date

    Price Change

    CRMLS: PW20172128

    $1,040,000

    Price

  • Aug 22, 2020

    Date

    Active

    CRMLS: PW20172128

    $1,045,000

    Price

  • October, 2020

  • Oct 21, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • June, 2020

  • Jun 10, 2020

    Date

    Leased

    CRMLS: PW20093492

    $2,850

    Price

  • May 16, 2020

    Date

    Active

    CRMLS: PW20093492

    $2,925

    Price

  • Listing provided courtesy of CRMLS

    New construction, completed in 2018. This 2-story house has it all. Gourmet kitchen with peninsula seating for 4, powder room downstairs, 3 bedrooms (all upstairs), 2 full baths on the 2nd floor, 2-car attached garage, W/D hook ups and utility sink in garage, private and gated backyard. Central heating and A/C, ceiling fans, beautifully appointed bathrooms, new tile, countertops, doors, lights and windows.

  • May, 2018

  • May 15, 2018

    Date

    Leased

    CRMLS: PW18097595

    $2,950

    Price

  • May 5, 2018

    Date

    Price Change

    CRMLS: PW18097595

    $2,950

    Price

  • Apr 27, 2018

    Date

    Active

    CRMLS: PW18097595

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    Be the first tenant of a BRAND new Long Beach home! This well-designed, 1,369 s.f, 3 bedroom, 2.5 bath house with an attached 2-car garage is ready to become your new home. With new construction you get additional perks: fire sprinklers throughout (think safety), LED lighting, wired for TV and computer, new plumbing, new electrical, new roof, you name it, it's NEW! There are two homes on a lot. Come take a look at the open first floor plan with a designer kitchen and a huge walk-in pantry. All 3 bedrooms are upstairs as well as the 2 full bathrooms. There is also a powder room downstairs.

  • May, 2018

  • May 5, 2018

    Date

    Canceled

    CRMLS: PW18077010

    $549,900

    Price

  • Apr 5, 2018

    Date

    Active

    CRMLS: PW18077010

    $549,900

    Price

  • Listing provided courtesy of CRMLS

    Be the first owner of a BRAND new Long Beach home! This well-designed, 1,369 s.f, 3 bedroom, 2.5 bath house with an attached 2-car garage is ready to become your new home. With new construction you get additional perks: fire sprinklers throughout (think safety), LED lighting, wired for TV and computer, new plumbing, new electrical, new roof, you name it, it's NEW! This house sits on a R2 zoned lot and the city of Long Beach has indicated that they will allow a 2 unit condo map (90-120 day process). The only common area is the brand new 4-car garage (2 spaces for each house). Each house is designed to have its own private yard. Come take a look at the open first floor plan with a designer kitchen and a huge walk-in pantry. All 3 bedrooms are upstairs as well as the 2 full bathrooms. There is a powder room downstairs. Much older homes with less square footage sell for this or more. Come take a look at this gem. Can be purchased together with 1616 N. Stanton Place (PW18066853). Also listed as a residential income (duplex) listing (PW18065382).

  • May, 2018

  • May 5, 2018

    Date

    Canceled

    CRMLS: PW18066853

    $549,900

    Price

  • Apr 5, 2018

    Date

    Price Change

    CRMLS: PW18066853

    $549,900

    Price

  • Mar 23, 2018

    Date

    Active

    CRMLS: PW18066853

    $999,900

    Price

  • Listing provided courtesy of CRMLS

    This 1,650 s.f single-story front house has 3 bedrooms, plus a study/office, 2 bathrooms, fireplace, laundry room, and its own detached 2-car garage. The entire front house has been completely remodeled: new windows, new flooring, new kitchen and bathrooms, new 2-car garage, new 200 amp electrical service, new HVAC, and drought tolerant landscaping in the front and a mixture of grass, brick and rock in the backyard. Early indications from the city of LB are that they will support a 2 unit condo map, thereby allowing the two houses to be sold individually. The condo conversion process will take up to 3 months. The only common area would be the garage (4 car garage - 2 for each house). You won't find this quality for this price anywhere in Long Beach. Can be purchased together with 1618 N. Stanton Place (PW18077010). Also listed as a residential income (duplex) listing (PW18065382).

  • May, 2018

  • May 5, 2018

    Date

    Canceled

    CRMLS: PW18065382

    $975,000

    Price

  • Apr 24, 2018

    Date

    Price Change

    CRMLS: PW18065382

    $975,000

    Price

  • Mar 22, 2018

    Date

    Active

    CRMLS: PW18065382

    $999,900

    Price

  • Listing provided courtesy of CRMLS

    You can count on one hand how many brand new homes there are in Long Beach and this is one of them! Two homes on a generously sized lot (over 8,500 s.f). Legal Duplex - Zoned R2. The back home (1618 N. Stanton Pl.) and the 4-car garage are brand new construction. The front house (1616 N. Stanton Pl.) was built in the 1940s and has been completely remodeled. The 1,369 sq. ft. two-story back house contains 3 bedrooms / 2.5 baths plus its own 2-car attached garage with all the modern amenities you would expect: HVAC, fire sprinklers, wired for A/V and computer, LED lighting, tankless water heater, laundry hook-up, gorgeous bathrooms, and an open first floor plan layout with a well designed kitchen that includes lots of storage, a peninsula for informal dining, and a huge pantry. The 1,650 sq. ft. single-story front house offers 3 bedrooms, plus a study/office, 2 bathrooms, fireplace, laundry room, and its own detached 2-car garage. The entire front house has been remodeled and is effectively brand new. Each house has plenty of yard space to enjoy family gatherings, BBQs or to let the kids roam the totally fenced in front and rear yards. Each house is separately metered for water, gas and electricity. This will make a great investment property (zero deferred maintenance and a high demand rental market) or live in one and rent out the other to reduce your mortgage payment!

  • May, 2018

  • May 1, 2018

    Date

    Leased

    CRMLS: PW18097592

    $3,000

    Price

  • Apr 27, 2018

    Date

    Active

    CRMLS: PW18097592

    $3,000

    Price

  • Listing provided courtesy of CRMLS

    This 1,650 s.f single-story front house has 3 bedrooms, including a large master suite with a large walk-in closet, plus a study/office, 2 bathrooms, fireplace, laundry room, and its own detached 2-car garage. The entire house has been completely remodeled: new windows, new flooring, new kitchen and bathrooms, new 2-car garage, new 200 amp electrical service, new HVAC, and drought tolerant landscaping in the front and a mixture of grass, brick and rock in the backyard. Available for immediate occupancy.

  • February, 2017

  • Feb 9, 2017

    Date

    Sold (Public Records)

    Public Records

    $411,500

    Price

Show More

Tax History for 1616 N Stanton Pl

Assessed Value (2020): $678,575
Year Land Value Improved Value Assessed Value
2020 $349,242 $329,333 $678,575

Home Value Compared to the Market

This property vs the competition

1616 N Stanton Pl sold on October 21, 2020 for 30% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $335.48 per/sqft which puts the price per square foot 46.92% lower than the current median sale per square foot for the city of Long Beach.

About 1616 N Stanton Pl

Detailed summary of property

1616 N Stanton Pl is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 6 bedrooms, 5 bathrooms, roughly 3,100 living square feet, and sits on an approximately 8,503 square foot lot. 1616 N Stanton Pl was first listed on ArdentRealEstateGroup.com on August 22, 2020. The homeowner sold the property for $1,000,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 30% higher than the current median priced home. Local homes that are currently for sale include 2175 Earl Ave, 2100 Pine Ave and 154 E Eagle St. While the average home in Long Beach, CA is selling in 53 days, 1616 N Stanton Pl has a days on market of 40 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1616 N Stanton Pl Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1616 N Stanton Pl

Public county record property details
Beds
6
Baths
5
Year built
1948
Sq. Ft.
3,023
Lot Size
8,503
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
15
APN
7260-013-017

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$612
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
54
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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