7862 2nd St
11 Unit Apartment Building $3,480,000 ($316,364/Unit) 5.36% Cap Rate Stanton, CA 90680
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INVESTMENT HIGHLIGHTS
- Garden-Style Two-Story Walk-Up with Nicely Manicured Landscaping and Attractive Curb Appeal
- New Interior Renovations: New Vinyl Plank Flooring, New Granite Countertops, New Lighting, New Vanities, and New Paint
- All Electric building, No Gas Expense, Separate Electric Meters and Electric Hot Water Heaters, Upper Units Have Balconies
- New Exterior Renovations: New Exterior Paint, New Double-Pane Vinyl Windows, New Security Screen Doors, and New Garage Doors
- Built in 1971, Wall Air-Conditioning, Twenty Parking Spots (Garage & Open), On-Site Laundry and Outdoor seating area
- Close to The Source OC Shopping Center, Medieval Times, Knott’s Berry Farm, Ralphs, Target, and Whole Foods Market
EXECUTIVE SUMMARY
Mark Bridge at Matthews REIS is 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.
Broker of Record -David Harrington - License No. 02168060 (CA)
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.
Broker of Record -David Harrington - License No. 02168060 (CA)
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$273,600
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$23.09
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Other Income |
$1,200
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$0.10
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Vacancy Loss |
$8,208
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$0.69
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Effective Gross Income |
$266,592
![]() |
$22.50
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Taxes |
$38,628
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$3.26
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Operating Expenses |
$41,311
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$3.49
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Total Expenses |
$79,939
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$6.75
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Net Operating Income |
$186,653
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$15.75
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PROPERTY FACTS
Price | $3,480,000 |
Price Per Unit | $316,364 |
Sale Type | Investment |
Cap Rate | 5.36% |
Gross Rent Multiplier | 12.72 |
No. Units | 11 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 0.45 AC |
Building Size | 8,475 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built/Renovated | 1971/2024 |
Parking Ratio | 2.12/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
- Deck
- Double Pane Windows
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Gas Range
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 2 | - | 725 |
1+1 | 9 | - | 975 |
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PROPERTY TAXES
Parcel Number | 079-232-05 | Total Assessment | $2,525,000 |
Land Assessment | $2,133,957 | Annual Taxes | $38,628 ($4.56/SF) |
Improvements Assessment | $391,043 | Tax Year | 2024 |
ZONING
Zoning Code | Multifamily (Multifamily) |