1616 N Stanton Place, Long Beach, CA 90804
Property · 2 recorded sales since 2017
Sold October 2020
Listing Agent: William Smith (DRE #01431853) · Listing Office: Bryant Drive Properties, Inc. · Contact: 562-607-8580 · Bought with: John (Jack) Mangin · BerkshireHathaway HomeServices · MLS #PW20172128 · Source: CRMLS
About this property
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.
Listing description from the October 2020 sale, as reported to CRMLS.
Sale history
