Price Reduction - New Construction
Address
1616 N Stanton Place Long Beach, CA
Price
$ 1,040,000
Property Attributes
  • MLS#PW20172128
  • TypeIncome
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaEastside - Circle Area
  • NeighborhoodOther
  • Zip90804
  • Style
  • Price$ 1,040,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3100
  • Lot Size8,503 SqFt
Listing Provided Courtesy Of:
William Smith with Bryant Drive Properties, Inc..
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.

Price History
8/22/2020 Listed $1,045,000
9/18/2020 1% - $1,040,000

General Features

Appliances Dishwasher, Free-Standing Range, Disposal, Tankless Water Heater, Water Line to Refrigerator
Attached Structure Detached
Community Features Urban
Cooling Central Air
Directions PCH to Junipero, head south, turn right on 17th st, turn left on Stanton Place
Flooring Tile, Wood
Garage Spaces 4.00
HOA Fee 0.00
Heating Central, Forced Air
Interior Features Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Open Floorplan, Recessed Lighting, Wired for Data
Levels One, Two
Listagentaor Pacific West
Listing Agent William Smith - BRE#01431853
Listing Agent State License 01431853
MLS Area 3 - Eastside, Circle Area
Number of Units Leased 2
Parking Features Garage Faces Rear, Garage - Two Door, Garage Door Opener
Pool Features None
Price Per Square Foot 335.48
PropertyCondition Building Permit, Turnkey, Updated/Remodeled
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Other (OTHR)
Subdivision Name NONE
Total Units 2
Zoning LBR2N

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Appliances Y/N Yes
Common Walls No Common Walls
Dishwasher Count 2
Fireplace Features None
Garbage Disposal Count 2
Heating Y/N Yes
Laundry Features In Garage, In Kitchen
Laundry Y/N Yes
Numberwithcarpet 3
Range Count 2
Studio Area Unit Type Square Feet
Total Stories 2
Window Features Double Pane Windows

Exterior Features

Building Area Total 3100.00
Door Features Mirror Closet Door(s)
Lot Features 2-5 Units/Acre
Lot Size Acres 0.1952
Lot Size Area 8503.0000
Lot Size Source Owner
Lot Size Square Feet 8503.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 2
Number of Separate Gas Meters 2
Number of Separate Water Meters 2
Parking Y/N Yes
Total Parking 6.00
Uncovered Spaces 2.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90804

Price
AVG $1.68M
$1.04M
Visits
AVG 32
33
Year Built
AVG 1952
2018

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