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1740 N Stanton Pl, Long Beach, CA 90804
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1740 N Stanton Pl Long Beach, CA 90804

$3,450,000 Sold Price as of 03/18/2024
  • 20 Beds
  • 20 Baths
  • 9,211 Sq.Ft.
Sold
$3,450,000 Sold Price as of 03/18/2024 Refinance Your Mortgage
Map preview of 1740 N Stanton Pl, Long Beach, CA 90804

Property Overview: 1740 N Stanton Pl Long Beach, CA has 20 bedrooms, 20 bathrooms, 9,211 living square feet and 8,170 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 1740 North Stanton Place is a ten unit, 1980's construction property featuring all Two Bed / Two Bath units with surface-level garage parking and onsite laundry facilities (leased). The units themselves have open-concept living rooms with high ceilings as well as private balconies. Units are all individually metered for gas and electricity. The building is located at the end of a quiet street with access to a small community park, and is in close proximity to many local eateries, shops, and more. With a great walk score of 82, tenants can accomplish most errands on foot! Long Beach has been generating significant, renewed investment interest over the past several years, and this bread-and-butter multifamily investment offers astute Buyers the opportunity to either start or build their porfolio

Listed by Josh Cohen | BRE #01346713 | Keller Williams Beach Cities
Last checked: 15 minutes ago | Last updated: March 18th, 2024 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
8,170
HOA Dues
$0/mo
Year built
1987
Garage
18 Car
Property Type:
Mixed Use
Status
Sold
MLS#
SB24004120
City
Long Beach
County
Los Angeles
Time on Site
123 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 18
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $21,683
  • Total Rent: $21,683
  • Pro Forma/Market Rent: $23,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.11%
  • Gross Rent Multiplier: 13.64
  • Gross Scheduled Income: $260,194
  • Net Operating Income: $181,291
  • Gross Operating Income: --
  • Other Income Description: Contact for more inc/exp info
Annual Expense Breakdown
  • Total Operating Expense: $83,198
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $83,198
  • Other Expense Description: Contact

Property Details for 1740 N Stanton Pl

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 18
  • # of Parking Spaces: 18
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 10
  • Parcel Number: 7260002012
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of PCH
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1740 N Stanton Pl

Last sold for $3,450,000 on March 18th, 2024

  • March, 2024

  • Mar 18, 2024

    Date

    Sold

    CRMLS: SB24004120

    $3,450,000

    Price

  • Jan 8, 2024

    Date

    Active

    CRMLS: SB24004120

    $3,550,000

    Price

  • October, 2016

  • Oct 14, 2016

    Date

    Sold (Public Records)

    Public Records

    $1,142,000

    Price

  • December, 2015

  • Dec 22, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,775,000

    Price

Show More

Tax History for 1740 N Stanton Pl

Assessed Value (2020): $2,616,332
Year Land Value Improved Value Assessed Value
2020 $1,591,812 $1,024,520 $2,616,332

Home Value Compared to the Market

This property vs the competition

1740 N Stanton Pl sold on March 18, 2024 for 343.75% 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 $385.41 per/sqft which puts the price per square foot 39.02% lower than the current median sale per square foot for the city of Long Beach.

About 1740 N Stanton Pl

Detailed summary of property

1740 N Stanton Pl is a mixed use that recently sold in Long Beach, CA 90804. This mixed use property offered 20 bedrooms, 20 bathrooms, roughly 9,211 living square feet, and sits on an approximately 8,170 square foot lot. 1740 N Stanton Pl was first listed on ArdentRealEstateGroup.com on January 8, 2024. The homeowner sold the property for $3,450,000. 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 343.75% higher than the current median priced home. Local homes that are currently for sale include 2109-2113 E Westport Dr, 133 S Melrose St and 601 N Normandie Ave. While the average home in Long Beach, CA is selling in 51 days, 1740 N Stanton Pl has a days on market of 16 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 1740 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 1740 N Stanton Pl

Public county record property details
Beds
20
Baths
20
Year built
1987
Sq. Ft.
9,211
Lot Size
8,169
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
7260-002-012

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
$509,000
Median List Price/Sq.Ft.
$610
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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Thinking of Selling?
Call, Text or Message
(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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