7862 2nd St - Apartments FOR SALE


Stanton, CA 90680
$3,350,000 USD
949-681-8388
7862 2nd St, Stanton, CA for Sale
$3,350,000 USD
Apartments - FOR SALE
1/15
null | 5.8% Cap Rate

7862 2nd St
Stanton, CA 90680


HIGHLIGHTS

  • Garden-Style Two-Story Walk-Up with Nicely Manicured Landscaping and Attractive Curb Appeal
  • New Exterior Renovations: New Exterior Paint, New Double-Pane Vinyl Windows, New Security Screen Doors, and New Garage Doors
  • New Interior Renovations: New Vinyl Plank Flooring, New Granite Countertops, New Lighting, New Vanities, and New Paint
  • Built in 1971, Wall Air-Conditioning, Twenty Parking Spots (Garage & Open), On-Site Laundry and Outdoor seating area
  • All Electric building, No Gas Expense, Separate Electric Meters and Electric Hot Water Heaters, Upper Units Have Balconies
  • Close to The Source OC Shopping Center, Medieval Times, Knott’s Berry Farm, Ralphs, Target, and Whole Foods Market

OVERVIEW

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) OM Link: https://www.matthews.com/properties/mf-7862-2nd-street-stanton-ca/

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$283 USD /SF

# OF UNITS

11

PRICE/UNIT

$304,545

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,576 SF

ZONING

Multifamily

APN/PARCEL ID

079-232-05

ASK ABOUT THIS PROPERTY

Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

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Mark BridgeThe Bridge Multifamily Team at MatthewsMore Info
949-681-8388

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.