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Sold on 03/18/2024
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1740 N Stanton Pl, Long Beach, CA 90804

$3,450,000

Last sold 03/18/2024 after 70 Days

  • —

    bed

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    bath

Multi-family not for sale

About 1740 N Stanton Pl

Property type Multi-family
Neighborhood
Year built 1987
HOA fee $0/month
Lot size 8,170 Sqft
Parking 18 garage spaces
Rental estimate
Property description
1740 North Stanton Place is a ten unit, 1980's construction property featuring all Two Bed / Two Bath units with surface-level garage parking and onsite laundry facilities (leased). The units themselves have open-concept living rooms with high ceilings as well as private balconies. Units are all individually metered for gas and electricity. The building is located at the end of a quiet street with access to a small community park, and is in close proximity to many local eateries, shops, and more. With a great walk score of 82, tenants can accomplish most errands on foot! Long Beach has been generating significant, renewed investment interest over the past several years, and this bread-and-butter multifamily investment offers astute Buyers the opportunity to either start or build their porfolio
Listed by
Listing Agent - Josh Cohen
Listing Agent Contact: 310-480-2130
Listing Office - Keller Williams Beach Cities
Source: CRMLS mls logo
MLS#SB24004120 • last updated 2 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.1876
Lot Size (SqFt) 8170
Year Built 1987
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 9211
# Parking Spaces 18
# Garage Spaces 18
Lot Description Level With Street
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Zoning LBR2N
Directions South Of PCH
APN 7260002012
Multifamily Details
Operating Expense 83198
Cap Rate 5.11
Total Expenses 83198
Gross Income 260194
Gross Multiplier 13.64
Gross Scheduled Income 260194
Rental est.: $1,392/month
Gross rent multiplier: 206.6
  • Mar 2024
    mls logo MLS # SB24004120
  • Mar 18, 2024 Sold
    $3,450,000
  • Jan 24, 2024 Pending
    —
  • Jan 8, 2024 Listed
    $3,550,000 (+16.4%)
  • Mar 2024
    Public Records
  • Mar 13, 2024 Sold
    $3,450,000 (-2.8%)
  • Dec 2022
    Public Records
  • Dec 7, 2022 Sold
    $3,050,000 (+167.1%)
  • Oct 2016
    Public Records
  • Oct 14, 2016 Sold
    $1,142,000 (-35.7%)
  • Dec 2015
    Public Records
  • Dec 22, 2015 Sold
    $1,775,000 (+84.9%)
  • May 2003
    Public Records
  • May 6, 2003 Sold
    $960,000
  • Year Property taxes Tax assessment
  • 2024
    $40,761 +1.7%
    $3,115,700 +2.0%
  • 2023
    $40,074 +17.7%
    $3,054,700
  • 2022
    $34,062 +2.1%
    $3,054,700 +15.56%
  • 2021
    $33,362 +0.3%
    $2,643,388 +1.03%
  • 2020
    $33,275
    $2,616,332
  • 1740 N Stanton Pl
    $3.45M
  • Central Long Beach
    $510K +7% y/y
  • 90804
    $449K -7% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
6/10
Source: GreatSchools.org © 2026. All rights reserved.

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