7862 2nd Street, Stanton, CA 90680
- $3,225,000
- Sold Price
- $3,225,000
- List Price
- $3,350,000
- Closing Date
- May 09, 2025
- Status
- CLOSED
- MLS#
- OC25030242
- Year Built
- 1971
- Lot Size
- 19,602
- Acres
- 0.45
- Lot Location
- 11-15 Units/Acre, Paved, Sprinklers Timer
- Days on Market
- 29
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
5.81% Current CAP Rate. We are proud to present 7862 2nd St, located in the City of Stanton. Built in 1971, this eleven-unit two-story garden-style walk-up consists of one- and two-bedroom units. The property’s exterior and interiors have been renovated in 2024, leaving an investor a desirable asset with good in place rents. The exterior has new paint, double-pane vinyl windows, clean landscaping, wall air-conditioning, and attractive curb appeal. There are eleven garages and nine surface spots, giving the property twenty total parking for tenants. There is a leased on-site laundry room, and the garage doors are all new. Near the rear of the building there is some seating for tenants, and the upper units have balconies. The building is an electric building, so there is no gas expense. The property is separately metered for electricity, and units have security screen doors. The property is conveniently located off Beach Boulevard and less than 5 miles from Disneyland Resort, Disney California Adventure Park, and less than 3 miles from The Source OC Shopping center, Medieval Times, Knott’s Berry Farm, Ralphs, Target, and Whole Foods Market.
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Additional Information
- Appliances
- Electric Oven, Electric Range, Electric Water Heater, Disposal, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Garage Spaces Total
- 11
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Ceiling Fan(s), Quartz Counters
- Attached Structure
- Attached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $273,600
- Operating Expense
- 72106
Listing courtesy of Listing Agent: Mark Bridge (Mark.Bridge@matthews.com) from Listing Office: Mark Bridge, Broker.
Listing sold by Jared Feldman from NONMEMBER MRML
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.