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7862 2nd ST Stanton, CA 90680
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Key Details
Sold Price $3,225,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC25030242
Sold Date 05/09/25
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1971
Lot Size 0.450 Acres
Property Sub-Type Mixed Use
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.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Interior Features Balcony, Ceiling Fan(s), Quartz Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplace No
Appliance Electric Oven, Electric Range, Electric Water Heater, Disposal, Water Heater
Laundry Common Area
Exterior
Parking Features Assigned, Garage
Garage Spaces 11.0
Garage Description 11.0
Pool None
Community Features Biking, Curbs, Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Accessibility Parking
Total Parking Spaces 20
Private Pool No
Building
Lot Description 11-15 Units/Acre, Paved, Sprinklers Timer
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 07923205
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Jared Feldman • NONMEMBER MRML